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KLTO 資訊
KLTO 事件
Klotho Neurosciences Acquires Greenland Mines Corp.
Klotho Neurosciences announces the acquisition of Greenland Mines Corp., a privately held Delaware corporation that controls an 80% interest in, and an option to acquire the remaining 20% of, the Skaergaard Project in Southeast Greenland - one of the largest and most significant undeveloped palladium, gold, and platinum deposits in the world. The company entered into a definitive merger agreement with Greenland Mines on March 3, and is closing the acquisition on March 4. Post-closing, Klotho's CEO and CFO will remain in place. The Greenland Mines leadership team, led by CEO Bo Moller Stensgaard, will join the management team to operate the Greenland Mining division, and one new Board member will be added. The company will now operate under two strategic operating divisions: (1) Natural Resources, focused on the exploration and development of the Skaergaard Project in Southeast Greenland; and 2) Cell and Gene Therapy, including Klotho's KLTO-202 primary indication for ALS. Full consideration for the transaction is payable in convertible preferred stock, the conversion of which is subject to shareholder approval. On an as-converted basis, Greenland Mines Corp. is expected to own approximately 93% of fully diluted shares outstanding. The transaction is expected to be treated as a reverse merger for accounting purposes. The company intends to change its name and stock ticker in late March. No action will be required by existing shareholders - shares held in brokerage accounts will be automatically updated to reflect the new symbol.
Klotho Neurosciences Files to Sell 35M Shares of Common Stock
Klotho Neurosciences files to sell 35M shares of common stock for holders
Klotho and Turn Let Letter of Intent Lapse
Klotho Neurosciences announced that its Letter of Intent, or LoI, with Turn Biotechnologies was allowed to expire by the parties. Following careful evaluation, Klotho's Board of Directors determined that the proposed transaction did not fit its long-term strategic plan. Instead, the Company will focus its resources on advancing its Klotho anti-aging protein research pipeline and development of treatments, where it sees the greatest opportunity to deliver value for patients and shareholders.
Klotho Neurosciences to purchase specific assets from Turn Biotechnologies
Klotho Neurosciences has signed a Letter of Intent to acquire select assets from Turn Biotechnologies, a provider of induced pluripotent stem cells and cellular reprogramming. The proposed cash and stock transaction is subject to completion of due diligence, execution of a definitive agreement, and customary closing conditions. If completed, the transaction would position Klotho as a leader in the development of longevity therapeutics. Under the LOI, Klotho would acquire Turn's ERA - Epigenetic Reprogramming of Age - platform and eTurna RNA delivery system. These proprietary technologies are designed to rejuvenate somatic cells and restore tissue function, creating opportunities for a long list of regenerative therapies in dermatology, ophthalmology, immunology, osteoarthritis, muscle health and diseases like ALS. Klotho will be acquiring a signed out-licensing and co-development partnership with one of South Korea's pharmaceutical companies worth up to $300M. Upon completion of the contemplated transaction, Klotho plans to rebrand to reflect its broadened mission and expanded therapeutic reach. Klotho also intends to bring over key members of Turn's management and R&D teams post-close.
Klotho Neurosciences signs KLTO-202 manufacturing, development agreement
Klotho Neurosciences announced that it signed a binding agreement to initiate manufacturing and development of its KLTO-202 gene therapy candidate using the AAVnerGene Inc. platform technology.
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