Replies to post #237448 on Biotech Values

[DewDiligence]

NTEC—(-25%)—closes_reverse-merger_with Decoy Biosystems—keeps_NTEC_ticker_symbol:

https://finance.yahoo.com/news/intec-announces-30-million-private-120000584.html

The stock sold off because of new dilution from a $30M private placement (and a 1:4 reverse split).

[DewDiligence]

NTEC—>INDP (Indaptus Therapuetics)—effective_at_tomorrow’s_open:

https://www.prnewswire.com/news-releases/intec-announces-expected-closing-date-of-decoy-merger-301347349.html

Intec…today announced that the pending and previously announced reverse merger with Decoy Biosystems, Inc. is currently expected to close after market hours today, Tuesday, August 3, 2021, subject to satisfaction or waiver of all closing conditions.

Immediately following the closing, the combined company will be renamed "Indaptus Therapeutics, Inc.", and is expected to begin trading on The Nasdaq Capital Market under the new ticker symbol "INDP" upon the commencement of trading on Wednesday, August 4, 2021.

This overrides the info from a PR last week that said the NTEC symbol would be retained.