Feb. 20 at 2:19 PM
$LSTA They have 1 week before the deadline to sign a definitive purchase agreement with Kuva. If the purchase agreement is not signed by Feb 27, the term sheet will be terminated unless both Kuva and LSTA agree to extend the deadline.
Hopefully, they'll get the purchase agreement finalized next week so they can start the tender process.
Will be interesting to see whether the final purchase agreement will have the same terms as the term sheet,
$4 upfront with two
$1 CVRs. LSTA already terminated the agreement with Qilu, so we know that one of the CVRs will be reached. I'm hoping Kuva might be willing to give
$5 upfront with a single
$1 CVR in light of the termination of the Qilu agreement.
