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The equity financing is at a 10% premium to the market share price1
This submission comes after successful INTERACT meeting with the FDA earlier this year.
NLS Pharmaceutics and Kadimastem working to close merger by the end of January 2025
The proposed transaction will create a Nasdaq-traded, biotechnology company with product candidates in advanced stages of clinical development and focused on advancing Kadimastem's allogeneic cell therapy platform
Each of Kadimastem and NLS Pharmaceutics has received commitments of support for the transaction from shareholders representing more than 40% of their respective outstanding shares