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S&P 500
5,447.87
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-0.31%
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US TECH 100
18,982.40
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-1.17%
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39,411.21
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DewDiligence

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DewDiligence

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Re: DewDiligence post# 247151

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

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

Post# of 252337
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!”

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