Why CohBar (CWBR) Stock Is Down Nearly 50% Today
Why CohBar (CWBR) Stock Is Down Nearly 50% Today
As of September 30, 2023, CohBar says the company had around $9.1 million in cash, cash equivalents and investments, along with approximately $1.5 million in accrued liabilities.CohBar Inc (NASDAQ:CWBR) shares are trading lower by 47% to $0.92 Wednesday afternoon. The stock is falling sharply after the company received guidance from Nasdaq that the company and Morphogenesis, Inc's merger agreement would not be approved.
CohBar Inc 週三下午，納斯達克股票代碼：CWBR）股價下跌47％，至0.92美元。在該公司獲得來自的指導後，該股大幅下跌 斯達克 那家公司和 Morphogenesis, Inc 合併協議不會獲得批准。
What Else?
還有什麼？
After discussions, CohBar decided that there was no viable way to proceed with the merger, and Morphogenesis issued a termination notice in accordance with the agreement. Consequently, CohBar plans to liquidate and dissolve itself.
經過討論，COHBar認爲沒有可行的方法進行合併，Morphogenesis根據協議發佈了終止通知。因此，COHBar計劃進行清算並自行解散。
As of September 30, 2023, CohBar says the company had around $9.1 million in cash, cash equivalents and investments, along with approximately $1.5 million in accrued liabilities.
COHBar表示，截至2023年9月30日，該公司擁有約910萬美元的現金、現金等價物和投資，以及約150萬美元的應計負債。
The exact amount available to return to CohBar's public stockholders is uncertain due to anticipated but unquantifiable liquidation expenses.
由於預期但無法量化的清算費用，尚不確定可向COHBar公衆股東返還的確切金額。
According to data from Benzinga Pro, CWBR has a 52-week high of $6.90 and a 52-week low of $0.88.
根據Benzinga Pro的數據，CWBR的52周高點爲6.90美元，52周低點爲0.88美元。
譯文內容由第三人軟體翻譯。
