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NBSE

NeuBase Therapeutics

$0.00

(0.00%)

, OHRP

Ohr Pharmaceutical

$4.21

0.015 (0.36%)

09:31
07/12/19
07/12
09:31
07/12/19
09:31

NeuBase Therapeutics closes merger transaction with Ohr Pharmaceutical

NeuBase Therapeutics (NBSE) announced the completion of the merger between NeuBase Therapeutics, Inc. and Ohr Pharmaceutical (OHRP) and associated financings. The combined Company's common stock expects to begin trading on The Nasdaq Capital Market under the ticker symbol "NBSE" at the open of market trading on July 15, 2019. The previous ticker symbol was "OHRP. Immediately following the closing of the merger, the Company entered into a definitive purchase agreement for the sale of NeuBase common stock with Greenlight Capital (GRLE). Upon close of the private placement, Greenlight Capital will own ~9% of NeuBase common stock. The Company expects to close the private placement on or about July 15, 2019. The combined Company changed its name to "NeuBase Therapeutics, Inc." immediately following the closing of the merger. It will maintain its headquarters in Pittsburgh, PA, and its executive team, led by Dr. Dietrich Stephan, was appointed as the executive team of the Company upon the closing of the merger. In addition, the Company's board of directors comprised of experienced pharmaceutical executives, including Dr. Stephan, Dov A. Goldstein, M.D., M.B.A., Diego Miralles, M.D., Franklyn Prendergast, M.D., Ph.D. and Eric Richman, M.B.A., was also appointed upon the closing of the merger. Immediately prior to the closing of the merger, NeuBase completed a private placement financing of approximately $9M under the terms of the definitive agreements previously announced in March 2019.

NBSE

NeuBase Therapeutics

$0.00

(0.00%)

OHRP

Ohr Pharmaceutical

$4.21

0.015 (0.36%)

GLRE

Greenlight Capital Re

$8.60

-0.07 (-0.81%)

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