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What is YOOV Cancels Aptorum Acquisition Deal about?

YOOV Group Holding Limited cancelled its planned acquisition of Aptorum Group Limited from Jurchen Investment Corporation in a reverse merger transaction on October 25, 2024. The merger was initially agreed upon on March 1, 2024, with a valuation of $250 million, but was subject to various conditions including shareholder approvals and legal opinions. Upon cancellation, YOOV is required to reimburse Aptorum for 90% of incurred expenses, not exceeding $1,000,000.

Author

Inigo OC

Language

EN