Inscobee Attempts Hostile Board Takeover of Apimeds Pharmaceuticals Merger Counterpart MindWave Innovations
March 24, 2026
Apimeds Pharmaceuticals US, through its wholly owned subsidiary MindWave Innovations, said Inscobee and its wholly owned subsidiary Apimeds Inc. filed an Amendment to Schedule 13D to effect a hostile takeover of the board by written consent. The company alleges Inscobee removed the existing directors and installed replacements without authorization under an irrevocable proxy and lock-up agreement tied to the merger with MindWave, and it is preparing an emergency action in Delaware Court of Chancery.
- Targets
- Apimeds Pharmaceuticals US, Inc. (APUS), MindWave Innovations Inc., Inscobee Inc., Apimeds Inc.
- Industry
- Biotechnology
- Location
- New Jersey, United States
- Transaction Type
- Divestiture
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