Brief: Aceragen Inc said Board Approved Reduction of About 80% Of Co's Employees

Aceragen

04/05/2023 14:14

May 4 (Reuters) - Aceragen Inc  ACGN.O :
    * ACERAGEN INC - ON APRIL 28, BOARD APPROVED REDUCTION IN
WORKFORCE IN WHICH ABOUT 80% OF CO'S EMPLOYEES WERE TERMINATED,
EFFECTIVE IMMEDIATELY
    * ACERAGEN INC - IN CONNECTION WITH REDUCTION, CO ESTIMATES
THAT
IT WILL INCUR AGGREGATE RESTRUCTURING CHARGES IN Q2 OF ABOUT
$4.5 MILLION
    * ACERAGEN INC - IN CONNECTION WITH REDUCTION , JOHN KIRBY
NO
LONGER SERVES AS CO'S CFO
    * ACERAGEN INC - JOHN TAYLOR, CO'S CEO, HAS ASSUMED THE
DUTIES OF
CFO OF CO AS OF THE EFFECTIVE DATE

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