$Kintara Therapeutics (KTRA.US)$ Dear holders, pls study th...
$Kintara Therapeutics (KTRA.US)$ Dear holders, pls study the prospectus well especially item 1-6 which requires our vote. VOTE AGAINST ITEM NO 3 which state increase in KTRA share this seems like dilution after they would have done RS then do a dilution again pls vote against it the 2 mergers have witnessed so far they don't increase share of the after doing RS. so vote against item 3
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love health sector especially biotech companies. Love Merger and acquisition in the biotech companies.
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72656024 : yes,this is the point. After the reverse stock split, the shares will be further diluted according to the 2.85% to 5.45% ratio, which will significantly reduce the value of the assets held by Kintara common shareholders.
Youngbuffet OP 72656024 : so we must vote against that, if they are doing RS why dilution again.
Youngbuffet OP 72656024 : from my own calculation, with the ktra having 2.85% of the new company the RS ratio will be around 1:35-1:40, which will shrink the total shares to 1.5m now my question is this is it KTRA issuing more shares or Tuhura. from my 2 mergers before they do RS and merger takes place so every other issues of shares or offerings is left with the new company. still can't understand this
72656024 Youngbuffet OP : Kintara 55.3 million common shares, we can interpret the exchange ratio and post-merger ownership percentages:
Exchange Ratio and Ownership Percentages
Current Exchange Ratio:
The exchange ratio is approximately 6.2400, meaning for each Tuhura common share issued, 6.2400 Kintara common shares will be issued.
Kintara’s Existing Common Shares:
Kintara currently has 55.3 million common shares outstanding.
Calculation and Implications
Using this exchange ratio and Kintara's 55.3 million shares as a basis to understand the post-merger ownership:
Tuhura’s Ownership:
Post-merger, Tuhura shareholders will hold approximately 97.15% of the combined company. Given the exchange ratio, each Tuhura share represents a large number of Kintara shares.
Kintara’s Ownership:
Kintara shareholders will own approximately 2.85% of the combined company. With 55.3 million shares currently outstanding, this represents only a small fraction of the total post-merger shares.
Estimating the Total Shares of the Combined Company
Assuming the exchange ratio and ownership percentages remain consistent, we can estimate the total number of shares in the combined company:
Total Shares Estimate:
If Kintara’s 55.3 million shares represent 2.85% of the post-merger company, the total number of shares in the combined entity can be estimated as: Total Shares=55.3 million shares0.0285≈1.94 billion shares\text{Total Shares} = \frac{55.3 \text{ million shares}}{0.0285} \approx 1.94 \text{ billion shares}Total Shares=0.028555.3 million shares≈1.94 billion shares
Tuhura’s Share Count:
Based on this calculation, Tuhura shareholders would hold approximately 1.88 billion shares (97.15% of the total), aligning with the 6.2400 exchange ratio.
Summary
Kintara’s 55.3 million common shares will account for just 2.85% of the post-merger company, while Tuhura shareholders will own the majority at 97.15%. This means Kintara’s shareholders will see their relative ownership significantly diluted in the combined entity
KidPicasso76 72656024 : The r/s is going to push our shares down to about 1.5 million. Then the shares are exchanged. 6.24 for every one kintara share. The reverse split has to occur first. Shares have to be added to cover the 33.2 million authorized shares of tuhura. The number is closer to 100 million than a billion plus. Follow the steps in order. That’s how they occur in the merger. Reverse split will drastically reduce the number of shares. 1.5 million is 2.85% of what? That’s your answer.
KidPicasso76 KidPicasso76 : That puts us right on target. 1577142 shares after 1-35 reverse split. Calculate 0.0285 x Y = 1577142. That equals 55486946 shares. About what we have here.
Youngbuffet OP KidPicasso76 : what do u mean by 6.24 for every one kintara share because from my calculations if kintara stocks holders are to get 2.85% of TUHURA then RS ratio will be around 1:35 is 1.5m. I know authorized shares of TUHURA is around 33m but all will not be listed at the Merger. shed more light on where u get 6.24 and 100m than 1b u referred to
KidPicasso76 Youngbuffet OP : It says in the prospectus that all tuhura shares will be converted to kintara before they take on the new ticker HURA. That’s why we see that kintara is the one issuing the shares after reverse split. The 6.24 exchange rate would only put us at like ten million shares. Calculating after the reverse split at about 2.85% puts the total to just over 55 million. 1577424 = Y x 0.0285. That’s 55,386,946. More in line with what we already have.
Youngbuffet OP 72656024 : bro![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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you have further confused me with your analysis paralysis, how can a new company coming to the exchange for the first time with no strong financial support have 1.98bn units of share listed? bro wake up wake up the total shares the new company will have post merger is 35m and they will only issues small free float so they can pump the price up in order to issue shares to raise money
KidPicasso76 Youngbuffet OP : Talking the exchange rate listed. 6.24 to 1. The previous commenter alluded to it. A 6.24 tuhura to 1 kintara exchange rate after the reverse split ends up being about 9.8 million shares. I was pointing out that I thought the previous posters calculations were incorrect. It won’t be over a billion shares. More like 55 million tops. That is, if we are truly going to have at least 2.85% post merger. I think the bottom line is that there is no way that there will be anywhere close to a billion shares post merger. They didnt factor the reverse split in their calculations.
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