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The Real Cost of Waiting it Out | Wealth Management

The Real Cost of Waiting it Out | Wealth Management
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PsyBio Completes Reverse Take-Over Transaction

PsyBio Completes Reverse Take-Over Transaction Common Shares Expected to Commence Trading on the TSX Venture Exchange Imminently February 19, 2021 15:17 ET | Source: PsyBio Therapeutics Corp. PsyBio Therapeutics Corp. Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. TORONTO, Feb. 19, 2021 (GLOBE NEWSWIRE) PsyBio Therapeutics Corp. (formerly Leo Acquisitions Corp.) (the “ Company”), announces that it has completed its previously announced reverse takeover of PsyBio Therapeutics, Inc. (“ PsyBio”), a biotechnology company developing a new class of drugs intended for the treatment of mental health challenges and other disorders (the “

United statesUnited kingdomMiami universityNitin kaushalGerry goldbergNoah davisEvan levineCross carmelUs exchangeCompany subordinate votingEluss incBc ltdPsybio therapeutics financing incVenture exchangeRegulation services providerNational instrument

PsyBio Completes Reverse Take-Over Transaction Common Shares Expected to Commence Trading on the TSX Venture Exchange Imminently

PsyBio Completes Reverse Take-Over Transaction Common Shares Expected to Commence Trading on the TSX Venture Exchange Imminently
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United statesUnited kingdomMiami universityNitin kaushalGerry goldbergNoah davisEvan levineCross carmelUs exchangeCompany subordinate votingEluss incBc ltdPsybio therapeutics financing incVenture exchangeRegulation services providerNational instrument

Leo Acquisitions Provide Update on Qualifying Transaction and Supplement to Management Information Circular

Assumes a Consolidation ratio for the Common Shares of 1.6667:1 In the event that the Qualifying Transaction is completed, the directors of the Company who are not directors of the Resulting Issuer will have a period of 12 months to exercise their Options. In addition, the Company will also apply to the TSXV to extend the expiry date of the option grants expiring on February 17, 2021 to March 5, 2023. The Options are expected to represent less than 1% of the issued and outstanding shares of the resulting issuer following the Qualifying Transaction. In addition, the Supplement will add an additional approval threshold for the Continuance Resolution (as defined in the Circular) asking shareholders to approve, among other things, the reclassification of the Corporation s existing Common Shares as subordinate voting shares (the

United statesUnited kingdomGerry goldbergCompany commonPsybio therapeutics incLeo acquisitions corpCapital pool companyRegulation services providerVenture exchangePsybio therapeuticsCombination agreementQualifying transactionBritish columbiaCommon shareCommon sharesResulting issuer