Aug. 20 at 2:05 PM
$OPT Link to corporate presentation of the latest status
https://www.sec.gov/Archives/edgar/data/1815620/000095017025110268/opt-ex99_1.htm
• After negative topline of COAST & ShORE trials, OPT decided to terminate Sozinibercept wet AMD program after consultation with DFA investors.
• OPT settled with DFA investors, with a cash payment of
$20M USD and 9.99% equity stake (136.7m shares). The DFA and all liens are terminated.
• After settlement, OPT has
$20M cash and ~1.4B shares outstanding. No more debt, no liens on any asset.
• Trading remains suspended on ASX and NASDAQ. OPT engaging with ASX, I assume NASDAQ will resume trading once trading resumes on ASX.
• Remaining board members will pursue strategic transactions