EPIX insider reports 33,343-share disposition amid cash + CVR deal
Rhea-AI Filing Summary
ESSA Pharma (EPIX) reported an insider transaction tied to its completed business combination. The company’s Chief Financial Officer disposed of 33,343 common shares on October 9, 2025, as all outstanding shares were acquired by Xeno Acquisition Corp. pursuant to the Business Combination Agreement.
Holders received approximately US$0.12 per share in cash plus one contingent value right (CVR) per share, which entitles the holder to receive up to approximately US$0.14 per CVR within specified periods after closing. Following the transaction, the reporting person beneficially owned 0 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 33,343 shares
Net Sell
1 txn
Insider
Wood David S.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Shares | 33,343 | $0.00 | $0.00 |
Holdings After Transaction:
Common Shares — 0 shares (Direct)
Footnotes (1)
- F1. On October 9, 2025, pursuant to that certain Business Combination Agreement, dated July 13, 2025 (as amended by the Amendment Agreement, dated September 23, 2025, the "Agreement"), by and among the Issuer, XenoTherapeutics, Inc., Xeno Acquisition Corp. ("Purchaser") and XOMA Royalty Corporation, the Purchaser acquired all of the issued and outstanding common shares of the Issuer for (i) cash consideration of approximately US$0.12 per share and (ii) one contingent value right ("CVR") for each common share entitling its holder to receive up to approximately US$0.14 per CVR and payable within specified periods following the close of the transactions contemplated by the Agreement.
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FAQ
What did ESSA Pharma (EPIX) disclose in this Form 4?
The CFO reported disposing of 33,343 common shares on October 9, 2025 in connection with the closing of a business combination.
What is the CVR mentioned in the filing?
A contingent value right entitles each holder to receive up to approximately US$0.14 per share within specified periods after closing.
What is the reporting person’s role at ESSA Pharma (EPIX)?
The reporting person is the Chief Financial Officer.
When did the transaction occur?
The transaction date was October 9, 2025.