$Kintara Therapeutics (KTRA.US)$ Kintara’s Common Stock is c...
$Kintara Therapeutics (KTRA.US)$ Kintara’s Common Stock is currently listed on the Nasdaq Capital Market, under the symbol “KTRA.” After completion of the Merger, Kintara will be renamed “TuHURA Biosciences, Inc.” and it is expected that the common stock of the combined company will trade on the Nasdaq Capital Market under the symbol “HURA.”
The consummation of the Merger is conditioned on, among other things, the listing approval for the combined company’s securities on the Nasdaq Capital Market. Pursuant to the Merger Agreement, Kintara agreed, subject to Kintara stockholder approval, to effect a reverse stock split to ensure the Kintara Common Stock will be able to meet the $4.00 minimum bid price initial listing requirement.
The consummation of the Merger is conditioned on, among other things, the listing approval for the combined company’s securities on the Nasdaq Capital Market. Pursuant to the Merger Agreement, Kintara agreed, subject to Kintara stockholder approval, to effect a reverse stock split to ensure the Kintara Common Stock will be able to meet the $4.00 minimum bid price initial listing requirement.
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SkinnyChick OP : Reverse stock split pursuant to the Merger. Are we in a good news or bad news here?
Youngbuffet SkinnyChick OP : it seems most in KTRA are very new to this reverse Merger. I have witnessed 2 mergers and both did RS FREQ merger with korro Bio and FIXX merged with QTTB both of them did RS. FRQ did 1:50 I don't know what FIXX did FREQ post merger price started at 14+ then ran to 93 before tanking. FiXx post merger price was 16+ ran to 33 before tanking. tuhura is a great company and after the merger the the total shares will be around 11m units with free float of 3-4m so wt time it will hit 30-50$. most here don't know how merger works and that is why they are panic selling hearing of RS. they will regret they sold after the merger. watch it.
SkinnyChick OP Youngbuffet : But the statement seems like RS before merger and thereafter merger and trade under new name?
Youngbuffet SkinnyChick OP : this is how it is done, the day the merger is consummated is the day RS will take effect and the new ticker will be TUHURA
Trademark-17 : its NO RS
you trying to scare people to sell for you to push this price downyour shorty obviously
go away
Youngbuffet Trademark-17 : bro. I don't even know how to short yet there will be RS that is the fact wt reverse Merger they have stated it in their filling pls educate yourself by reading, I have 22k if I have money would have loves to buy more
Javy : People doesnt know how reverse merger work..its like a reverse stock split. For is example you have 400 share of ktra and the reverse merger will have a ratio of 1:40, after the reverse merger with tuhura, you will now have a 10 shares of tuhura plus dividend in the form of cvr which will be distributed later..so after merger you will have 10 share lf tuhura and 400 share of pref c share which is the placement holder share for cvr..