Feb 8 (Reuters) - Anteris Technologies:
- CO HAS RECEIVED A CONFIDENTIAL, NON-BINDING PROPOSAL TO NEGOTIATE A LETTER OF INTENT
- BOARD IS CONSIDERING PROPOSAL
- LETTER SETS OUT PROPOSAL TO MERGE WITH NASDAQ-LISTED MEDICUS SCIENCES ACQUISITION CORP
- PROPOSAL CONTEMPLATES AN ISSUANCE OF NEW EQUITY BY MSAC IN EXCHANGE FOR CURRENT SHARES IN CO
- ISSUANCE OF NEW EQUITY AT EQUIVALENT VALUE & STIPULATES THAT POST-TRANSACTION MERGED ENTITY TO HAVE A MINIMUM OF $US50M IN CASH
- PROPOSAL STIPULATES THAT POST-TRANSACTION MERGED ENTITY WOULD HAVE MINIMUM OF $US50M IN CASH,PLUS EXISTING FUNDS HELD BY CO
- THERE IS NO CERTAINTY THAT CO WILL PROCEED WITH PROPOSAL & PROPOSAL WILL RESULT IN ANY TRANSACTION OCCURRING
Feb 8 (Reuters) - Anteris Technologies: CO HAS RECEIVED A...
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