Brief: Relief Therapeutics Signs Binding Term Sheet With Applied Pharma Research (APR) To Buy All APR's Outstanding Shares

MindMaze Therapeutics Holding SA

04/05/2021 06:20

May 4 (Reuters) - RELIEF THERAPEUTICS HOLDING SA  RLFB.S :
    * RELIEF AND APPLIED PHARMA RESEARCH (APR) SIGN BINDING TERM
SHEET
FOR RELIEF TO ACQUIRE ALL OUTSTANDING SHARES OF APR
    * ACCORDING TO TERM SHEET, APR SHAREHOLDERS WILL RECEIVE
FROM
RELIEF AT CLOSING OF A SIGNED TRANSACTION, CHF 22 MILLION IN
CASH, PLUS ADDITIONAL CASH RELATING TO APR'S WORKING CAPITAL
POSITION AT TIME OF CLOSE, AND CHF 50 MILLION PAYABLE IN RELIEF
COMMON REGISTERED SHARES.

Further company coverage:  RLFB.S 

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