each share of VBI common stock will be converted into the right to receive 20.808356 common shares of SciVac (the “Exchange Ratio”). that brings a 2.70 price to our .13
And we'll be changing our name to VBI as well. Interesting. Just need to make it back over 2.70 some day. :-)
VBI stockholders will receive approximately 541,573,712 common shares of SciVac, representing approximately 42% of the issued and outstanding shares and voting power of the combined company after giving effect to the Merger.