NGM Biopharmaceuticals’ Strategic Merger and Corporate Transformation

An update from NGM Biopharmaceuticals Inc (NGM) is now available.

NGM Biopharmaceuticals, Inc. has successfully concluded a merger with Atlas Neon Parent, Inc., culminating in the acquisition of a majority stake in NGM Bio by Atlas Neon’s subsidiary through a tender offer at $1.55 per share. The transaction involved terminating a previous Sale Agreement with Jefferies LLC, rolling over significant shares from key stockholders, and amending the company’s certificate of incorporation and bylaws. Consequently, NGM Bio’s common stock will be delisted from Nasdaq, and the company will cease its reporting obligations under the Exchange Act, marking a new chapter in its corporate life.

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