Why CohBar (CWBR) Stock Is Down Nearly 50% Today
Why CohBar (CWBR) Stock Is Down Nearly 50% Today
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.
What Else?
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.
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.
The exact amount available to return to CohBar's public stockholders is uncertain due to anticipated but unquantifiable liquidation expenses.
According to data from Benzinga Pro, CWBR has a 52-week high of $6.90 and a 52-week low of $0.88.
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。
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