Pharmaceutical company 4D Pharma (LON: DDDD) said that the US Securities and Exchange Commission (SEC) has declared effective its registration statements on Form F-4 concerning the issuance of 4D pharma American Depositary Shares (ADSs) to the shareholders of Longevity Acquisition Corporation.
Longevity Acquisition is a Nasdaq listed special purpose acquisition company that will be merging with 4D Pharma.
4D’s ADSs will begin trading on the Nasdaq under the ticker symbol LBPS once the merger is completed. 4D Pharma’s ordinary shares will continue to be traded on the AIM.
The company also sent out a circular to convene a general meeting to approve the merger with Longevity.
Following today’s announcements, 4D’s shares have fallen to lows of 133p. They have since regained some losses, now trading at 142p, down 2.71%.
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