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Cellular Biomedicine Group, Inc. Announces Completion of Merger
February 19, 2021 GMT
Cellular Biomedicine Group logo (PRNewsfoto/Cellular Biomedicine Group)
ROCKVILLE, Md. and SHANGHAI, Feb. 19, 2021 /PRNewswire/ Cellular Biomedicine Group, Inc. (NASDAQ: CBMG) (“CBMG” or the “Company”) today announced the completion of the merger (the “Merger”) of the Company with CBMG Merger Sub Inc., a Delaware corporation (“Merger Sub”) and a wholly-owned subsidiary of CBMG Holdings, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Parent”), pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of August 11, 2020, by and among the Company, Parent and Merger Sub.
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ROCKVILLE, Md. and SHANGHAI, Feb. 19, 2021 /PRNewswire/ Cellular Biomedicine Group, Inc. (NASDAQ: CBMG) ( CBMG or the Company ) today announced the completion of the merger (the Merger ) of the Company with CBMG Merger Sub Inc., a Delaware corporation ( Merger Sub ) and a wholly-owned subsidiary of CBMG Holdings, an exempted company with limited liability incorporated under the laws of the Cayman Islands ( Parent ), pursuant to the previously announced Agreement and Plan of Merger (the Merger Agreement ), dated as of August 11, 2020, by and among the Company, Parent and Merger Sub.
Under the terms of the Merger Agreement, which was approved by the Company s stockholders at its special meeting of stockholders held on February 8, 2021, each share of the Company s common stock, par value $0.001 per share (the Company Common Stock ), issued and outstanding immediately prior to the effective time of the Merger (the Effective Time ), other