Friday, November 20, 2020

Equity Corporate Actions Alert #2020 - 221
Information Regarding the Business Combination of Spring Bank Pharmaceuticals, Inc. (SBPH) and F-star Therapeutics, Inc.


  • Industry Announcement

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The Business Combination of Spring Bank Pharmaceuticals, Inc. (SBPH) and F-star Therapeutics, Inc. became effective today, November 20, 2020. As a result, the common stock of Spring Bank Pharmaceuticals, Inc. will undergo a one-for-four (1-4) reverse stock split along with a change of corporate name, symbol, and CUSIP number. The shareholders of SBPH as of the record date of November 19, 2020 will receive two non-transferable contingent value rights (“CVR”) for each share held. Both the STING Agonist CVR and the STING Antagonist CVR will be distributed after the reverse split.

The details regarding the corporate name, symbol, and CUSIP changes are as follows:

Current Company Name/Issue: Spring Bank Pharmaceuticals, Inc. Common Stock
New Company Name/Issue: F-star Therapeutics, Inc. Common Stock
Current CUSIP: 849431101
New CUSIP: 30315R107
Current Symbol: SBPH
New Symbol: FSTX
Ratio of Reverse Split: 1 for 4
Marketplace Effective Date: November 23, 2020

If you would like to register as a market maker in FSTX, contact Nasdaq Trading Services at +1 212 231 5100.

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