Aptevo extends rights agreement to October 2027
The amendment sets the rights’ stated expiration date at October 23, 2027 and the Purchase Price at $14.56 per one one-thousandth of a Preferred Share.
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Form Type
8-K
Rhea-AI Filing Summary
Aptevo Therapeutics Inc. amended its Rights Agreement with Broadridge Corporate Issuer Solutions, LLC, as rights agent, on October 23, 2026. The amendment extends the defined “Final Expiration Date” to October 23, 2027, and changes the defined “Purchase Price” to $14.56 per one one-thousandth of a Series A Junior Participating Preferred Share, which has a par value of $0.001 per share.
Insights
Analyzing...
8-K Event Classification
3 items: 1.01, 3.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.03
Material Modification to Rights of Security Holders
Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Final Expiration Date: October 23, 2027
Purchase Price: $14.56 per one one-thousandth of a Preferred Share
Preferred Share par value: $0.001 per share
+1 more
4 metrics
Final Expiration Date
October 23, 2027
Date in the amended definition
Purchase Price
$14.56 per one one-thousandth of a Preferred Share
Amended term under the Rights Agreement
Preferred Share par value
$0.001 per share
Series A Junior Participating Preferred Stock
Preferred Share fraction per right
One one-thousandth of a share
Contingent right to purchase Series A Junior Participating Preferred Stock
Key Terms
Rights Agreement, rights agent, Final Expiration Date, Purchase Price, +1 more
5 terms
Rights Agreement regulatory
"Amendment No. 6 to the Rights Agreement"
A rights agreement is a contract that grants existing shareholders special rights—commonly the option to buy additional shares at a set price or to trigger protections if a takeover is attempted. Think of it like a neighborhood watch rule that lets current homeowners buy extra lots or lock the gate when an outsider tries to take over the block; it matters to investors because it can dilute or protect share value and influence takeover outcomes.
rights agent regulatory
"as rights agent"
A rights agent is a neutral third party, usually a bank or trust company, that runs the mechanical parts of a company’s rights offering — tracking who gets rights, processing requests to buy additional shares, collecting payments, and issuing the new stock. For investors, the rights agent ensures the offer is handled correctly and on time, which affects the ability to exercise rights and the perceived fairness and legality of the transaction.
Final Expiration Date regulatory
"definition of “Final Expiration Date”"
Purchase Price financial
"definition of “Purchase Price”"
The purchase price is the amount of money paid to acquire an asset—such as shares, a business, real estate, or equipment. It matters to investors because it sets the baseline for future profit, loss, taxes and accounting values; think of it like the price you pay for a used car, which determines your potential resale gain or loss. Investors compare purchase price to expected future cash flows and market values to judge whether an investment is a good deal.
Series A Junior Participating Preferred Stock financial
"Series A Junior Participating Preferred Stock"
A Series A junior participating preferred stock is a specific class of preferred share that gives its holders a priority payment when a company distributes cash (like dividends or sale proceeds) but ranks below any senior preferred shares for those payments; the “participating” feature lets holders also share in leftover proceeds with common shareholders after receiving their preference. For investors this means a mix of downside protection and potential upside—more safety than common stock but less claim than senior preferred, while still allowing extra gains if the company performs well, similar to having a reserved seat that also lets you join the crowd when there’s a bonus.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When does APVO’s Rights Agreement expire?
The amended definition of Aptevo’s Final Expiration Date is October 23, 2027. Amendment No. 6 was entered into with Broadridge Corporate Issuer Solutions, LLC, as rights agent, on October 23, 2026.
What is the Purchase Price under APVO’s Rights Agreement?
The amended Purchase Price is $14.56 per one one-thousandth of a Preferred Share. The Preferred Share is Series A Junior Participating Preferred Stock with a par value of $0.001 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
