The total purchase price paid in the Merger has been allocated to the net assets acquired and liabilities assumed based on their fair values as of the completion of
the Merger. The following summarizes the purchase price paid in the Merger (in thousands, except share and per share amounts):
Number of shares of the combined organization owned by the Company’s Pre-Merger stockholders
|
|
|
1,120,800
|
|
Multiplied by the fair value per share of REXN’s common stock (1)
|
|
$
|
7.24
|
|
Fair value of common stock issued to affect the Merger
|
|
|
8,115
|
|
Fair value of warrants and options issued to affect the Merger
|
|
|
768
|
|
Transaction costs
|
|
|
1,575
|
|
Purchase price
|
|
$
|
10,458
|
|
|
(1) |
Based on the last reported sale price of the Rexahn’s common stock on the Nasdaq Capital Market on November 5, 2020, the closing date of
the Merger, and gives effect to the Reverse Stock Split.
|
|