94.34 (current cash) + 150 ($150 million in regulatory and commercial milestones payments) - 0.420 (debt) = 243 million : 36.13 = $6.75/share
Shares Outstanding 36.13M Float 27.6M Total Cash (mrq) 94.34M Total Debt (mrq) 420k
Quince to receive a 7.5% ownership stake of Lighthouse Common stock with anti-dilution through the first $10 million raised. https://www.lighthousepharma.com/
They better buy back 20 – 30% of the shares or sell there complete pipeline and give $7.5 – $8 to every shareholder.
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