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$Kintara Therapeutics(KTRA.US)$ This is a merger case that significantly affects shareholders' rights.

$Kintara Therapeutics (KTRA.US)$ This is a merger case that significantly affects shareholders' rights. Many people have already engaged Monteverde & Associates PC to conduct an investigation.So the merger may be canceled.The Exchange Ratio in the Merger Agreement sets forth the number of shares of Kintara Common Stock that will be issuable for each share of TuHURA Common Stock outstanding in the Merger. The Exchange Ratio was negotiated so that the existing equityholders of TuHURA would own approximately 97.15% of the combined company on an “as converted” to Kintara Common Stock basis (or 94.55% of the combined company after giving effect to the issuance of the CVR Shares) and the existing equityholders of Kintara would own approximately 2.85% of the combined company on an “as converted” to Kintara Common stock basis or (5.45% of the combined company after giving effect to the issuance of the CVR Shares) after the Merger (excluding in each such case the effect of out-of-the-money options and warrants of Kintara that will remain outstanding after the Merger). Accordingly, based on the number of securities of each company outstanding at July 1, 2024, including the conversion of the TuHURA notes issued in the TuHURA Note Financing into shares of TuHURA Common Stock, it is estimated that the Exchange Ratio will be approximately 6.2317. The actual Exchange Ratio will be fixed prior to Closing to reflect Kintara’s and TuHURA’s capitalization on the Closing Date of the Merger, which will take into account the actual reverse split ratio implemented in the Reverse Split if approved by Kintara’s stockholders. For a more detailed discussion of the Exchange Ratio, please see the section entitled “The Merger Agreement—Exchange Ratio.”The percentage ownership of the combined company was derived using a stipulated value for TuHURA of approximately $190.7 million (which was calculated by adding the negotiated pre-money enterprise value of TuHURA of $160.0 million plus $30.7 million raised by TuHURA in the TuHURA Note Financing as described below in the section entitled “The Merger Agreement—TuHURA Note Financing.”) and a stipulated value for Kintara of $11 million (based upon net cash of Kintara expected at the closing of $4 million).
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