StockTwitsGhost
Nov 9, 7:52 PM
$CVKD deep modeling 🦜 (see attached).
What's happening: On Oct 7, Cadrenal hired Tungsten Advisors to run a formal process to license, sell or partner its drugs, or merge the company.
The
$BOLT connection: Tungsten represented Prana, the private company that reverse-merged into Bolt on Oct 23. That deal came with a
$120M PIPE at ~
$8.57/share, about 2x BOLT's prior close, and BOLT jumped ~63%.
Valuation: at ~
$1.11, CVKD is worth ~
$4M, about the ~
$4.2M of cash it reported in early August. Pipeline: CAD-1005 (FDA-agreed Phase 3 design, Orphan + Fast Track), Phase 3-ready tecarfarin, frunexian, CAD-2000.
Part 2 continued…
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