Neuphoria Therapeutics has entered into a merger agreement with UK-based Scancell Holdings. Under the deal, Neuphoria will become an indirect wholly-owned subsidiary of Scancell. Neuphoria shareholders will receive Scancell American Depositary Shares and contingent value rights. Pre-merger Neuphoria stockholders are expected to own about 11.1% of the combined company, with Scancell shareholders holding about 64.9% and PIPE investors about 17.3%.
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