May. 15 at 9:35 PM
$BTAI This is a big one, guys. From their own corporate update
Strategic Options
Exploring Value-Maximizing Options: The Company engaged MTS Health Partners as an advisor for evaluation of strategic options to maximize shareholder value and advance the commercial and development plans for IGALMI, which may include, but are not limited to, a sale of the Company, a merger or other business combination, a collaboration, joint venture, royalty or license agreement of all or a portion of our assets, a recapitalization or other financing transaction, or continued execution of our standalone operating plan. We have not made a decision to pursue any specific transaction or strategic option, no set timetable has been established for the completion of this process, and there can be no assurance that the process will result in any transaction or other particular outcome.
Aka, they finally realize they can't commercialize this and are finally ready to just sell it to someone who can
