LPTN
Lpath Inc.NASDAQ
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  • Thu, Sep. 8, 6:57 PM
    • Lpath (NASDAQ:LPTN) +28.1% AH after announcing a merger deal with medical device company Apollo Endosurgery.
    • Lpath says it will issue new common shares or rights to acquire its common stock to Apollo investors, who will own 95.8% of the combined company while Lpath shareholders will own 4.2%; Apollo's major investors commit to invest $29M of new equity in the combined company.
    • Upon closing of the transaction, Lpath will be renamed Apollo Endosurgery, and the combined company will apply for a Nasdaq listing under a new ticker.
    | Thu, Sep. 8, 6:57 PM | 3 Comments