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DewDiligence

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Re: DewDiligence post# 247207

Wednesday, 12/13/2023 6:32:38 PM

Wednesday, December 13, 2023 6:32:38 PM

Post# of 257470
RAIN acquired by private-equity firm for $1.16/sh cash +CVR. Excluding the CVR, the buyout price is a 17% premium to the unaffected share price on 10/13/23, but a discount to RAIN’s net cash per share (!):

https://www.globenewswire.com/news-release/2023/12/13/2795922/0/en/Rain-Oncology-Enters-into-Agreement-to-be-Acquired-by-Pathos-AI-for-1-16-in-Cash-per-Share-Plus-Contingent-Value-Rights.html

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

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