Pharmathene, Inc. (f/k/a PIP)

[shotsky]

Actually, that is the payment to Alt in an all-stock purchase. It will be followed by a 1 for 10 reverse split. So, there will be 1/10 as many shares in the OS but each share will be worth 10X more. There is a mandatory stock price they have to reach to remain on the NYSE through this merger.
The new company will be ALT and PIP will be gone. Your takeaway is that you will own 1/10 as many shares as now, but they will be worth more and will become ALT shares.