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DewDiligence

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DewDiligence

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Re: DewDiligence post# 247553

Thursday, 06/15/2023 5:36:04 PM

Thursday, June 15, 2023 5:36:04 PM

Post# of 253340
Update—PMGM’s shareholder vote on the SPAC merger was again delayed (to 6/21/23), and PMGM also received a Nasdaq delisting notice:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001837607/000110465923071656/tm2318880d1_8k.htm

It doesn’t make sense for the Nasdaq delisting notice to have caused today’s selloff insofar as PMGM has 180 days to comply with the notice, and the SPAC merger with Aeon Biopharma will have been consummated or killed by then. If the SPAC merger is killed, PMGM will presumably return its remaining cash to shareholders and shut down.

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

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