RE: Imutex trade sale v nasdaq6 Jul 2020 10:04
I'm fine thanks Swap. You sound okay - just a little frazzled.
Just to expand, CF keeps mentioning merging or selling to a SPAC as the way to get NASDAQ listed. The SPAC would also have to be London listed. I have no doubt he will have spoken to many SPAC investors to test the water, and if I remember rightly he is doing a presentation specifically for them tomorrow.
We would obviously get one share in the NASDAQ company for each ORPH share we hold, but clearly the SPAC funders would also get shares, depending upon whatever deal CF can negotiate.
However, if we sell to the SPAC rather than merge with it, it will be the same as selling to a big pharma company, and we won't have shares in it.