[8-K] Repare Therapeutics Inc. Reports Material Event
Repare Therapeutics Inc. completed its previously announced acquisition by XenoTherapeutics’ wholly owned subsidiary, Xeno Acquisition Corp., resulting in a change of control and Repare becoming a wholly owned subsidiary.
Rhea-AI Filing Summary
Repare Therapeutics Inc. completed its previously announced acquisition by XenoTherapeutics’ wholly owned subsidiary, Xeno Acquisition Corp., resulting in a change of control and Repare becoming a wholly owned subsidiary. Shareholders received approximately US$2.20 in cash per common share, plus one non-transferable contingent value right (CVR) per share for potential future cash payments under a CVR agreement.
In connection with the closing, Repare requested that Nasdaq suspend trading of its common shares after January 28, 2026 and file Form 25 to delist and deregister the shares. The purchaser intends to file Form 15 to terminate registration and suspend Exchange Act reporting, and the company has applied to cease to be a reporting issuer in Québec. All Repare directors resigned at the effective time, and Jon Adkins, previously the sole director and officer of the purchaser, became the sole director and is expected to serve as the sole officer of Repare.
Positive
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Insights
Cash-out acquisition closes at US$2.20 per share with added CVR upside, and Repare exits public markets.
The transaction makes Repare Therapeutics a wholly owned subsidiary of XenoTherapeutics’ acquisition vehicle. Shareholders receive about US$2.20 in cash per common share, plus one CVR per share that may pay additional cash under the CVR agreement.
The shares will be suspended from trading on Nasdaq after January 28, 2026, followed by delisting via Form 25 and deregistration via Form 15. This effectively ends Repare’s status as a U.S. and Québec reporting issuer, so future information will come through the acquirer or CVR communications rather than public filings.
8-K Event Classification
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