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The latest announcement is out from Alimera ( (ALIM) ).
In a significant financial move, a company merger led to the cancellation of existing common stock, with shareholders receiving $5.50 per share and a contingent value right (CVR), entitling them to future milestone payments. Stock and option holders experienced various adjustments and conversions based on the merger terms, with specific payouts linked to the achievement of revenue milestones in the coming years. Post-merger, the original company’s board was replaced, and the merged entity delisted from Nasdaq, signaling substantial changes in its corporate structure and stock market presence.
For a thorough assessment of ALIM stock, go to TipRanks’ Stock Analysis page.