An announcement from Avalo Therapeutics (AVTX) is now available.
Avalo Therapeutics, Inc. finalized a significant merger with AlmataBio, Inc. on March 27, 2024, evolving the company’s structure and management. To facilitate this merger, the company also issued new Series C, D, and E Preferred Stocks, with specific conversion rights, dividend entitlements, and voting limitations. Moreover, the board of directors expanded to nine members, including newly appointed Jonathan Goldman, Aaron Kantoff, and Samantha Truex, who meet the Nasdaq’s independence criteria and will receive standard indemnification as per company policies. These changes reflect Avalo’s strategic repositioning and growth focus in the biotech sector, presenting potential new avenues for investor engagement.
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