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InsideArbtirage Potential Deal Alert: Pasithea Therapeutics (KTTA) approached by Lucy Scientific Discovery (LSDI)

  • June 11, 2023


StockPasithea TherapeuticsSymbolKTTA
Date Announced06/05/2023Source Press Release
TypeUnsolicited BidAcquiring Company/Person Lucy Scientific Discovery

Lucy Scientific Discovery (LSDI), a licensed producer of compounds for medicinal products announced that it sent a proposal to Pasithea Therapeutics (KTTA), a biotechnology firm focused on innovative medical solutions, to acquire each share of its common stock.

Under the terms of the offer, Lucy proposes to pay $0.60 in cash, and $0.25 cents in Lucy stock (LSDI) for every share of Pasithea common stock.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.