Ruthigen and Pulmatrix Enter into Merger Agreement

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Go back to Ruthigen and Pulmatrix Enter into Merger Agreement

Ruthigen (RTGN), Pulmatrix to Merge

March 16, 2015 7:02 AM EDT

Ruthigen (NASDAQ: RTGN) and Pulmatrix, Inc., a Lexington, Massachusetts based clinical stage biotechnology company ("Pulmatrix"), announced today that on March 13, 2015, they have entered into a definitive merger agreement. Upon the closing of the transactions contemplated by the merger agreement, Pulmatrix will become a wholly-owned subsidiary of Ruthigen and all of Pulmatrix's debt and equity securities outstanding prior to the consummation of the merger will be exchanged for shares of Ruthigen common stock that will represent approximately 81% of the outstanding common stock of Ruthigen. In connection with Pulmatrix's entry into the merger agreement, certain existing... More