Cybin Inc (CYBN)

[StockLogistics]

Dilution incoming :

“Pursuant to the terms of the Transaction Agreement, 33,190.1 Class B common shares in the capital of the Acquiror (the "Class B Shares") shall be issued to the Adelia Shareholders, in satisfaction of the $467,982.21 (approximately US$357,894.01) due to them on meeting the relevant milestone, at an effective issue price of $14.10 per Class B Share, determined in accordance with the Transaction Agreement and applicable securities law. The Class B Shares issued by the Acquiror to the Adelia Shareholders are exchangeable for common shares in the capital of Cybin (the "Cybin Shares") on a 10 Cybin Shares for 1 Class B Share basis, at the option of the holder thereof, subject to customary adjustments. No Class B Shares were exchangeable prior to December 14, 2021, and not more than: (i) 33 1/3% of the Class B Shares will be exchangeable prior to December 14, 2022; (ii) 66 2/3% of the Class B Shares will be exchangeable prior to December 14, 2023; and (iii) thereafter, 100% of the Class B Shares will be exchangeable”