Lucy Scientific Discovery Reiterates Its Proposal to Acquire Pasithea Therapeutics

Benzinga ·  06/30/2023 02:51

Under the terms of the offer made on June 5th, Lucy proposed to pay $0.60 in cash, and $0.25 cents in Lucy stock (NASDAQ:LSDI) for every share of Pasithea common stock. Given that Pasithea's stock closed at $0.35 per share on June 1, 2023, the Proposal of $0.85 per share equates to 142% premium to Pasithea's share price. In fact, the cash component alone represents a 71% premium.

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