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NewcelX Enters into Binding Term Sheet to Divest Legacy Mazindol Portfolio (CVR), Providing for Upfront Cash, Equity Ownership and Up to $55 Million in Potential Milestone Payments

Source: globenewswire.com

M&A & RestructuringCompany Fundamentals
NewcelX Enters into Binding Term Sheet to Divest Legacy Mazindol Portfolio (CVR), Providing for Upfront Cash, Equity Ownership and Up to $55 Million in Potential Milestone Payments

The transaction provides $500,000 upfront, comprising $30,000 in cash and the remainder in shares, representing a 9.4% equity stake in REA Holdings. It also includes potential worldwide royalties of up to 8%; the article does not specify the transaction's broader context or royalty conditions.

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