InvestorsHub Logo
Post# of 252271
Next 10
Followers 834
Posts 119879
Boards Moderated 17
Alias Born 09/05/2002

Re: DewDiligence post# 247151

Thursday, 06/15/2023 4:29:51 PM

Thursday, June 15, 2023 4:29:51 PM

Post# of 252271
PMGM -16% today—no PR or 8-K yet, but I presume the selloff is related to today’s (scheduled) shareholder vote for the SPAC merger with Aeon Biopharma, the former parent company of EOLS who wants to commercialize Daewoong’s botulinum toxin in the US for therapeutic indications (#msg-171980196).

This SPAC merger was announced in Dec 2022 (#msg-170687120), but the deadline for closing the deal was extended (#msg-171190548), and the shareholders’ meeting to vote on the merger was adjourned twice in the past week due to insufficient votes.

A PR and/or 8-K filing will presumably issue soon.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.