Lisata Therapeutics Inc

News & Events zu Lisata Therapeutics Inc (LSTA)

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LSTA-News

LSTA-Events

10/8 09:30

Lisata Therapeutics Granted New Patent for Treating Pancreatic Cancer

Lisata Therapeutics announced that the U.S. Patent and Trademark Office granted U.S. Patent No. 12,751,991, a new method of use patent for certepetide in treating pancreatic cancer and other solid tumors, expiring May 2041. The patent covers giving the company's cyclic peptide together with at least one anti-cancer agent or therapy to treat pancreatic cancer and other solid tumors, including metastatic, refractory and drug-resistant cancers.

8/4 09:30

Lisata Therapeutics Sues Kuva Labs for Breach and Cuts 72% of Workforce

Lisata Therapeutics provided an update following the termination of its merger agreement with Kuva Labs and its subsidiary Kuva Acquisition Corp. The company said, "Lisata has filed suit in the Delaware Court of Chancery against Kuva over Kuva's breach of the previously-disclosed Agreement and Plan of Merger dated March 6, 2026 seeking, among other things, damages for the benefit of its stockholders and the $2,000,000 termination fee Lisata is owed under the Merger Agreement. Lisata's Board of Directors continues to evaluate strategic alternatives to enhance stockholder value, which will include, but are not limited to, an acquisition, merger, reverse merger, other business combination, sales of assets, liquidation and dissolution, among other strategic transactions. The Company has not set a timetable for completion of this strategic review and does not intend to comment further on the status of this process unless or until its Board of Directors has approved a definitive course of action, or it is determined that another disclosure is warranted. In order to reduce operating expenses and preserve cash to pursue strategic alternatives, Lisata has implemented a reduction in force, eliminating approximately 72% of its full-time employees, including its Executive Vice President of R&D and Chief Medical Officer position. Certain members of the separated staff may be engaged as external consultants for a period of time, as necessary."

7/27 10:30

Lisata Therapeutics Terminates Merger Agreement with Kuva Labs

In a regulatory filing on Friday, Lisata Therapeutics disclosed that on July 24, the company terminated the previously announced agreement and plan of merger, dated as of March 6, 2026, by and among Kuva Labs and Kuva Acquisition Corp. and the company. "The Termination follows Parent and Purchaser's failure to accept for payment all Common Shares validly tendered and not validly withdrawn pursuant to the Offer after the expiration of the Offer one minute after 11:59 p.m., New York City Time, on July 20, 2026. Parent has informed the Company that Parent has been unable to obtain sufficient financing for purposes of funding the Offer and will be instructing Equiniti Trust Company, LLC, in its capacity as depositary and paying agent for the Offer, to return the Common Shares tendered in the Offer to the holders thereof. As a result of the Termination, Parent is obligated under the Merger Agreement to pay the Company a termination fee of $2,000,000. In addition, the Company reserves all rights to seek all available legal remedies, including without limitation, damages for Willful Breach (as defined in the Merger Agreement) and any Enforcement Costs (as defined in the Merger Agreement). There can be no assurance that the Company will be able to obtain damages from Parent or Purchaser, even to the extent legally available in any litigation that the Company may pursue, due to the Company's limited financial resources available to fund related litigation and to Parent's or Purchaser's potential inability to satisfy with its existing assets any judgment that the Company might obtain. The Company's Board of Directors plans to conduct an assessment of strategic options to enhance stockholder value, which will include, but are not limited to, a reverse merger, other business combination, sales of assets, dissolution or other strategic transactions. There can be no assurance that the exploration of strategic alternatives will result in any agreements or transactions, or that, if completed, any agreements will be reached, or transactions will be successfully consummated or on attractive terms. The Company has not set a timetable for completion of this strategic review and does not intend to comment further on the status of this process unless or until its Board of Directors has approved a definitive course of action, or it is determined that other disclosure is appropriate or required," the filing stated.

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