>ACUS – Dew, I was wondering if you might have an idea what a "normal" royalty rate might be for a product like Imagify?<
Based on today’s CC, I think 15% is a reasonable estimate of the royalty CEPH will pay on Imagify. (The actual rate has been redacted in the SEC filing.)
Note, however, that CEPH has not yet licensed Imagify but has merely taken an option to do so. If CEPH chooses not to license Imagify, CEPH can convert its $15M note into a 51% equity stake in ACUS, implying a 2:1 dilution of your shares.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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