Organovo Holdings, Inc. (ONVO)

[WHP03]

Avg Buy Out Premium over 10 Yr period for Co w/Mkt Caps over $50MM = 37%

A bit dated - but lets run with this for the moment:

For the 100+ public companies acquired in 2013 with pre-announcement market caps over $50 million, the average premium to the share price a month before the announcement was 37%. [1]. Looking back over the past 10 years, the premium has also averaged 37%.

$1.40 + 37% = $1.92. That's well below the cost of a share in the last down round raise, that netted $2.50/share.