Merger NEWS out... lmao... Aytu will retire all outstanding common stock of Innovus for an aggregate of up to $8 million in shares of Aytu common stock, less certain deductions, at the time of closing, including amounts owed from Innovus to Aytu under a promissory note (currently $1.35 million principal amount), payments to be made to warrant holders, changes in Innovus liabilities and working capital, and other adjustments. This initial consideration to Innovus common shareholders is currently estimated to consist of approximately 3.9 million shares of Aytu stock.
Wowsers... Here's the deal... 3.9 million shares of $AYTU at .92 is $3,680,000 dollars for $INNV if $AYTU doesn't drop more... If the outstanding of $INNV is still $2.76 million shares, the amount of stock INNV shareholders would get would be 1.33/share in $AYTU stock...... This is already down almost 50% from what the original deal was valued...
Good luck...
