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Wednesday, January 23, 2019

Equity Corporate Actions Alert #2019 - 16
Information Regarding the Business Combination of Apricus Biosciences, Inc. (APRI) and Seelos Therapeutics, Inc.

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  • Industry Announcement

Markets Impacted:

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The business combination of Apricus Biosciences, Inc. (APRI) and Seelos Therapeutics, Inc. is expected to be completed today, Wednesday, January 23, 2019. As a result, the common stock of Apricus Biosciences, Inc. will undergo a one-for-thirty (1-30) reverse stock split, change of name, change of symbol, and change of CUSIP number. Apricus stockholders will receive one non-transferable contingent value right (“CVR”) for each share of Apricus common stock held of record at 7:59 a.m. Eastern time on January 24, 2019, which shall be after the 1-for-30 reverse stock split and immediately prior to the merger between Seelos Therapeutics and Apricus.

The details of the name and CUSIP changes are follows:

Current Company Name: Apricus Biosciences, Inc.
New Company Name: Seelos Therapeutics, Inc.
Issue: Common Stock
Current CUSIP: 03832V307
New CUSIP: 81577F109
Current Symbol: APRI
New Symbol: SEEL
Ratio of Reverse Split: 1 for 30
Marketplace Effective Date: Thursday, January 24, 2019

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

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