Brief: Prokidney Entered Into Share Repurchase Agreement With SC Pipe Holdings And SC Master Holdings

Prokidney

20/11/2023 11:54

Nov 20 (Reuters) - ProKidney Corp  PROK.O :
    * PROKIDNEY CORP -  ON NOV 19, CO ENTERED INTO SHARE
REPURCHASE
AGREEMENT WITH SC PIPE HOLDINGS LLC AND SC MASTER HOLDINGS, LLC
    * PROKIDNEY- CO AGREED TO REPURCHASE AGGREGATE OF ITS 7.3
MILLION 
CLASS A ORDINARY SHARES FROM SELLING SHAREHOLDERS FOR PURCHASE
PRICE PER SHARE OF $1.309
    * PROKIDNEY CORP - AGGREGATE PRICE TO BE PAID BY COMPANY IN
SHARE
REPURCHASE IS APPROXIMATELY $9.5 MILLION
    * PROKIDNEY CORP - PREVIOUSLY PROVIDED OPERATING CASH
GUIDANCE OF
FUNDING COMPANY INTO Q4 OF 2025, WHICH REMAINS UNCHANGED

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