Brief: Equillium To Acquire Metacrine In All-Stock Transaction

Equillium

06/09/2022 21:01

Sept 6 (Reuters) - Equillium Inc  EQ.O :
    * EQUILLIUM TO ACQUIRE METACRINE IN ALL-STOCK TRANSACTION
    * EQUILLIUM INC- TRANSACTION IS ANTICIPATED TO ADD $33
MILLION IN
CASH TO EQUILLIUM'S BALANCE SHEET AT CLOSING
    * EQUILLIUM INC- EXPECTED TO EXTEND COMPANY'S CASH RUNWAY
INTO
2024
    * EQUILLIUM INC- WILL ISSUE STOCK VALUED AT A 25% PREMIUM
OVER NET
CASH DELIVERED AT CLOSING, WHICH IS ESTIMATED TO BE
APPROXIMATELY $26 MILLION.

Source text for Eikon:  ID:nBw66Crrka 
Further company coverage:  EQ.O 

 ((Reuters.Briefs@thomsonreuters.com;))