Replies to post #247553 on Biotech Values

[DewDiligence]

Update—PMGM’s shareholder vote on the SPAC merger was again delayed (to 6/21/23), and PMGM also received a Nasdaq delisting notice:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001837607/000110465923071656/tm2318880d1_8k.htm

It doesn’t make sense for the Nasdaq delisting notice to have caused today’s selloff insofar as PMGM has 180 days to comply with the notice, and the SPAC merger with Aeon Biopharma will have been consummated or killed by then. If the SPAC merger is killed, PMGM will presumably return its remaining cash to shareholders and shut down.