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Reverse Merger

All articles tagged with #reverse merger

North Immunology to go public via reverse merger with Aethlon Medical
biotech26 days ago

North Immunology to go public via reverse merger with Aethlon Medical

North Immunology, a biotech incubated by hedge fund ADAR1 Capital, will merge with Nasdaq-listed Aethlon Medical to launch a long-acting bispecific antibody for atopic dermatitis. The combined entity, retaining the North Immunology name and trading under ticker NRTX, aims to begin Phase 1 trials in early 2027. The deal is backed by an $180 million private placement, with legacy Aethlon shareholders holding a 4.75% stake in the new company.

via STAT|
#adar1-capital#atopic-dermatitis#biotech
WaFd to acquire EverBank in reverse merger; brand to emerge as EverBank after closing
business1 month ago

WaFd to acquire EverBank in reverse merger; brand to emerge as EverBank after closing

WaFd Bank, which maintains a large Boise-area presence, will acquire EverBank Financial of Jacksonville in a reverse merger. The deal values WaFd at about $2.7 billion and EverBank at about $3.9 billion, with EverBank’s shareholders owning about 59.2% of the merged company, which will be renamed EverBank. A transition period will integrate operations and systems, with cost synergies projected at roughly 15% and potential layoffs. The combined entity will expand West Coast and California operations through EverBank’s assets, while continuing EverBank’s digital-focused approach; the brand transition and closing timeline will be announced at completion.

via BoiseDev|
#boise#business#everbank
Allbirds' AI pivot sparks dot-com nostalgia and a meme-fueled rally
business5 months ago

Allbirds' AI pivot sparks dot-com nostalgia and a meme-fueled rally

Allbirds pivots into AI by renaming to NewBird AI and seeking about $50 million to buy GPU compute for selling AI infrastructure services, which has sparked a short-term stock rally driven by momentum traders; the move echoes late-1990s dot-com-era reverse-merger plays, though the company had sold its sneakers and assets, leaving investors to speculate on whether the AI strategy can translate into real value.

via Axios|
#ai#ai-infrastructure#allbirds