Brief: Intrinsic And Phoenix Biotech Announce Merger Agreement

CERo Therapeutics Holdings

31/10/2022 12:53

Oct 31 (Reuters) - Intrinsic Medicine Inc  INRX.O :
    * INTRINSIC MEDICINE AND PHOENIX BIOTECH ACQUISITION CORP.
ANNOUNCE MERGER AGREEMENT TO CREATE PUBLIC COMPANY LEVERAGING
HUMAN MILK BIOLOGY TO TREAT GUT-BRAIN AXIS DISORDERS
    * PHOENIX BIOTECH ACQUISITION CORP - TRANSACTION REFLECTS A
PRE-MONEY EQUITY VALUE OF $136 MILLION FOR INTRINSIC MEDICINE
    * PHOENIX BIOTECH ACQUISITION CORP -  TRANSACTION EXPECTED
TO
PROVIDE UP TO $178.8 MILLION HELD IN TRUST
    * PHOENIX BIOTECH ACQUISITION CORP - COMBINED COMPANY TO BE
LISTED
ON NASDAQ UNDER TICKER "INRX"

Source text for Eikon:  ID:nGNX94H6Bf 
Further company coverage:  INRX.O 
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