Първоначално изпратено от Ferry
Разгледай мнение
Exchange Ratio
The exchange ratio was determined using a formula intended to allocate to the existing Achieve stockholders (on a fully diluted basis, referred to as Achieve fully-diluted outstanding shares) a percentage of the combined company based on the relative valuations of Achieve and OncoGenex.
The exchange ratio formula is the quotient obtained by dividing the Achieve merger shares (as defined below) by the Achieve fully-diluted outstanding shares, where:
• | Achieve merger shares is the product determined by multiplying the post-closing OncoGenex shares (as defined below) by the Achieve allocation percentage (as defined below). |
128
Table of Contents
• | Post-closing OncoGenex shares is the quotient determined by dividing the OncoGenex outstanding shares by the OncoGenex allocation percentage (as defined below). |
• | Achieve allocation percentage is the quotient determined by dividing (i) the sum of the aggregate value (as defined below) minus $26.75 million by (ii) the aggregate value. |
• | Aggregate value is $107 million. |
• | OncoGenex allocation percentage is the quotient determined by dividing $26.75 million by the aggregate value. |
Коментар