Catalyst Biosciences plans to distribute $65M cash to stockholders

Jun. 29, 2022 8:18 AM ETCatalyst Biosciences, Inc. (CBIO)By: Pranav Ghumatkar, SA News Editor1 Comment
  • Catalyst Biosciences (NASDAQ:CBIO) has announced its intention to distribute cash to the Co.’s stockholders through one or more distributions.
  • The intention of the Co.’s Board is to maximize the size of the total distribution after satisfying or reserving for Co. obligations, and to complete the distribution as soon as practicable.
  • The Board currently expects the total amount of cash to be distributed to stockholders to be as much as $65M.
  • The Co. further expects that after the initial distribution, it will continue to hold sufficient cash for future expenses to satisfy the Co.’s obligations and liabilities.
  • CBIO +25.17% premarket to $1.88.

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