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Aytu BioScience and Innovus Pharmaceuticals Announce Effectiveness of Form S-4 Registration Statement Related to Proposed Acquisition of Innovus by Aytu BioScience
Aytu and Innovus Shareholder Meetings to Approve Merger Scheduled for February 13, 2020ENGLEWOOD, CO & SAN DIEGO, CA / ACCESSWIRE / January 27, 2020 / Aytu
About this update from Aytu Biopharma, Inc.
[{"type":"text","content":"Aytu and Innovus Shareholder Meetings to Approve Merger Scheduled for February 13, 2020ENGLEWOOD, CO & SAN DIEGO, CA / ACCESSWIRE / January 27, 2020 / Aytu BioScience, Inc. (NASDAQ:AYTU), a specialty pharmaceutical company focused on commercializing novel products that address significant patient needs and Innovus Pharmaceuticals, Inc. (OTCQB: INNV), a specialty pharmaceutical company commercializing, licensing and developing safe and effective consumer health products, today announced that the registration statement on Form S-4 containing a joint preliminary proxy statement/prospectus in connection with Aytu BioScience's proposed acquisition of Innovus Pharmaceuticals is now effective following the companies' filing with the U.S. Securities and Exchange Commission. With the effectiveness of Form S-4, Aytu and Innovus have set their respective special shareholder meetings for February 13, 2020 during which the companies' shareholders will vote on the merger agreement.The registration statement containing the joint preliminary proxy statement/prospectus is available through the SEC's website at www.sec.gov and on Aytu BioScience's website in the Investor section.The Aytu BioScience special meeting is scheduled for February 13, 2020 at 10:00 AM Mountain Time. The meeting will be held at Aytu BioScience's corporate headquarters, located at 373 Inverness Parkway, Suite 206 Englewood, CO 80112.The Innovus Pharmaceuticals special meeting is also scheduled for February 13, 2020 at 8:00 AM Pacific Time. The meeting will be held at the Hyatt House San Diego, located at 10044 Pacific Mesa Boulevard, San Diego, CA 92121.As announced on September 12, 2019, the companies signed a definitive merger agreement whereby Aytu will retire all outstanding common stock of Innovus for an aggregate of up to $8 million in shares of Aytu common stock, less certain deductions, at the time of closing, including amounts owed from Innovus to Aytu under a promissory note (currently $1.35 million principal amount), payments to be made to warrant holders, changes in Innovus liabilities and working capital, and other adjustments. This initial consideration to Innovus common shareholders is currently estimated to consist of approximately 3.8 million shares of Aytu stock. Each Innovus common shareholder will also receive contingent value rights (\"CVRs\"), represe...