Rain Oncology Enters into Agreement to be Acquired by Pathos AI for $1.16 in Cash per Share Plus Contingent Value Rights

December 14, 2023

https://www.globenewswire.com/news-release/2023/12/13/2795922/0/en/Rain-Oncology-Enters-into-Agreement-to-be-Acquired-by-Pathos-AI-for-1-16-in-Cash-per-Share-Plus-Contingent-Value-Rights.html

NEWARK, Calif., Dec. 13, 2023 (GLOBE NEWSWIRE) — Rain Oncology Inc. (Nasdaq:RAIN) (“Rain”), today announced it has entered into a definitive merger agreement whereby Pathos AI, Inc. (“Pathos”) will acquire Rain for $1.16 in cash per share plus a non-tradeable contingent value right (a “CVR”) for potential cash payments of up to approximately $0.17 per share.

Read more at globenewswire.com

Related news for (RAIN)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.