Jul. 2 at 2:28 PM
$NEUP Scancell only need NASDAQ listing from
$NEUP
They need a PIPE to fund them. And it will be >>> than the
$20M NEUP has (which is NOT a lot of money).
Btw if Scancell pays NEUP
$20M for the merger they get no cash. All that NEUP has to offer is the listing.
Remove ongoing expenses and liabiliyies maybe
$15M cash left after merger completes? Add
$5M for nasdaq listing.
Maybe
$4 merger + CVR for Australian royalties
And all above assuming that Scancell will find a decent PIPE for merger to make sense.