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NLS Pharmaceutics ( (NLSP) ) has provided an announcement.
On November 4, 2024, NLS Pharmaceutics Ltd. entered into a Merger Agreement with Kadimastem Ltd., an Israeli publicly traded company. Under this agreement, Kadimastem will merge into NLS’s wholly owned subsidiary, with the subsidiary as the surviving company. This strategic merger is expected to enhance NLS’s market positioning and expand its capabilities in the pharmaceutical sector. The merger involves exchanging Kadimastem’s shares for NLS’s shares, potentially impacting stakeholders by increasing NLS’s market presence and operational scope.
More about NLS Pharmaceutics
NLS Pharmaceutics Ltd. is a pharmaceutical company based in Zurich, Switzerland, focused on developing innovative therapies for central nervous system disorders. The company operates in the pharmaceutical industry and aims to address unmet medical needs through its research and development efforts.
Average Trading Volume: 420,558
Technical Sentiment Signal: Sell
Current Market Cap: $7.93M
Find detailed analytics on NLSP stock on TipRanks’ Stock Analysis page.