Psyence Group (TSE:PSYG) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Psyence Group has successfully closed the disposal of its 11.13% stake in PsyLabs to Psyence Biomedical, receiving 2,000,000 shares of Psyence Biomedical’s common stock as part of the transaction. This strategic move strengthens Psyence Biomedical’s position as a vertically integrated developer of psychedelic-based therapeutics. Additionally, a debt-for-equity swap agreement was executed, further aligning the financial interests of both companies.
For further insights into TSE:PSYG stock, check out TipRanks’ Stock Analysis page.
