Mar. 3 at 3:17 PM
Rallybio Corp. (NASDAQ:
$RLYB) is set to merge into privately held Candid Therapeutics in an all‑stock reverse merger backed by a
$505.5 million private financing, creating a Nasdaq‑listed Candid with roughly
$700 million in cash, Candid holders owning about 57.6% of the combined company, new PIPE investors about 38.8%, and legacy Rallybio shareholders just 3.6%, plus CVRs tied to any monetization of Rallybio’s legacy assets, while advancing lead T‑cell engager cizutamig toward Phase 2 trials in autoimmune disease.
https://prismmarketview.com/rallybio-to-merge-with-candid-therapeutics-in-500m-backed-reverse-merger/