CLDN merger finalized. New name on Weds after a 1-15 R/S tomorrow, new company will have 7.3M O/S and cash on hand of $59 million. Was able to accumulated 15,000 between .90 and 1.08, will have 1,000 after the R/S but they will be trading at $15. Keep an eye on it now, with the tiny O/S and merger done, could make a nice move.
Upon the closing, each holder of Eiger common stock will receive approximately 0.09 shares of Celladon common stock, and upon the closing of the merger, the combined company will have approximately 7.3 million post-reverse split shares outstanding. The Eiger financing proceeds together with approximately $26.1 million in available, pre-merger cash on Celladon's balance sheet, is expected to result in approximately $59 million in cash available for the combined businesses, before the payment of transaction and other fees.
Disclaimer: The views expressed by me are solely those of the author and should not be construed as reason to buy or sell any security I mention. Always do your own DD(due diligence), I have.
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