Replies to post #784540 on NorthWest Biotherapeutics Inc (NWBO)

[learningcurve2020]

Yeah, that bothers me too, especially for something so material. They didn’t even get the news up on their own website yet. 🤷‍♀️. Again, indicates a quick decision possibly?

>>No 8k.

[exwannabe]

No 8K either or mention of shareholder approval.

NWBO Shareholder approval is not required (and Advent is private).

I believe this will be a required disclosure in an 8K as a 20%+ significant acquisition. So expect that in a couple days. For reg FD purposes, a broadly issued PR was OK. (Edit, maybe no 8K disclosure needed until closing).

Assuming this deal does meet the 20% significance test (based on assets in this case), we should also see some financial information in the coming months. Maybe a clue to the mystery Specials revenue.

BTW, at the end of 2023 Advent did have $25M short term debt that NWBO will acquire, but IMO, that is modest in comparison to what NWBO gets out of the deal.