Synlogic To Merge With Caldera In All Stock Deal

India, July 29 -- Synlogic, Inc. (SYBX), a biotechnology company, on Wednesday entered into a definitive merger agreement with Caldera Therapeutics, Inc. in an all-stock transaction to combine their businesses.

The private placement is expected to close concurrently with the merger.

Under the agreement, both companies will become wholly owned subsidiaries of a newly formed holding company.

Following the closing, the combined company will operate as Caldera Therapeutics and intends to list on the Nasdaq Capital Market under the ticker symbol "CALD."

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In connection with the merger, Caldera secured commitments for an upsized concurrent private placement ex...