Immune Pharmaceuticals Inc (fka IMNPQ)

[Letterpenny]

Facilitate Follow-on Exit or Bolt-on Acquisitions. Follow-on transactions may include partial exits in the form of partial sales or partial IPOs (separation increases the transparency of businesses with unique investment identities, unlocking sum-of-the-parts value), or bolt-on acquisitions (separation of the businesses creates separate acquisition currency in the form of SpinCo equity that may be more attractive to the target’s shareholders than equity of the combined group).