TPTX » Topics » Adjusted Exchange Ratio Calculation

This excerpt taken from the TPTX 8-K filed Jun 12, 2006.

Adjusted Exchange Ratio Calculation

 

In the event of an Axonyx Permitted Transaction, a TorreyPines Permitted Transaction or a TorreyPines Financing Discrepancy, the Adjusted Exchange Ratio shall equal (i) 53,860,163 divided by (ii) the New Axonyx Ownership Percentage, multiplied by (iii) one minus the New Axonyx Ownership Percentage, divided by (iv) the difference equal to (A) 57,970,946, minus (B) the TorreyPines Financing Adjustment Amount divided by $1.50.

 

The New Axonyx Ownership Percentage shall equal (i) $50,736,274 plus the Axonyx Permitted Amount, divided by (ii) the sum of (A) the amount in (i) and (B) $70,937,708 plus the TorreyPines Permitted Amount minus the TorreyPines Financing Adjustment Amount.

 

The Axonyx Permitted Amount shall equal 75% of the value of any upfront cash amount received by Axonyx pursuant to the closing of an Axonyx Permitted Transaction on or prior to the Specified Date.

 

The TorreyPines Permitted Amount shall equal 75% of the value of any upfront cash amount received by TorreyPines pursuant to the closing of a TorreyPines Permitted Transaction on or prior to the Specified Date.

 

In the event of a TorreyPines Financing Discrepancy, the TorreyPines Financing Adjustment Amount shall be a number equal to (i) $6,364,269, minus (ii) the amount invested pursuant to the TorreyPines Financing.

 

 



 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki