The accepted offer is $0.05/sh better than Tang’s Capital’s offer on 3/14/23 (#msg-171445879) and is a 68% premium (exluding any value for the CVR) to JNCE’s “unaffected” share price on 2/23/23 prior to announcement of the all-stock reverse-merger with REDX.L, which is now defunct (#msg-171282176).
In an odd twist, JNCE is implementing an 84% layoff in conjunction with the merger.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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