Cyclo Therapeutics Merges with Applied Molecular Transport; Combined Company to Operate as Cyclo Therapeutics, Inc.
December 27, 2023
Cyclo Therapeutics completed an all-stock merger with Applied Molecular Transport (AMT), with AMT shareholders receiving 0.1331 shares of Cyclo Therapeutics for each AMT share (approximately 5,822,720 Cyclo shares, or ~18% of the combined company). The combined, Nasdaq-listed company will operate as Cyclo Therapeutics, focus on advancing the Phase 3 TransportNPC study of Trappsol Cyclo for Niemann-Pick Disease Type C1, be led by Cyclo's existing management and headquartered in Gainesville, Florida.
- Buyers
- Cyclo Therapeutics, Inc.
- Targets
- Applied Molecular Transport Inc.
- Sellers
- Applied Molecular Transport stockholders
- Industry
- Biotechnology
- Location
- Florida, United States
- Transaction Type
- Buyout
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