Case Type: Mergers & Acquisitions

Terns Pharmaceuticals, Inc. (NASDAQ: TERN) related to its sale to Merck Sharp & Dohme LLC. Under the terms of the proposed transaction, Terns shareholders are expected to receive $53.00 per share in cash.

Warner Bros. Discovery, Inc. (NASDAQ: WBD)  related to its sale to Paramount Skydance Corporation. Under the terms of the proposed transaction, Warner Bros. shareholders are expected to receive (i) $31.00 per share in cash and (ii) a ticking consideration of $0.00277778 multiplied by the number of calendar days elapsed after September 30, 2026.

HCB Financial Corp. (OTCPK: HCBN)  related to its merger with Independent Bank Corporation. Under the terms of the proposed transaction, HCB shareholders are expected to receive 1.5900 shares of Independent common stock and $17.51 for each share of HCB common stock.

Independent Bank Corporation (NASDAQ: IBCP) related to its sale to HCB Financial Corp. Under the terms of the proposed transaction, HCB shareholders are expected to receive 1.5900 shares of Independent common stock and $17.51 for each share of HCB common stock.

Rallybio Corporation (NASDAQ: RLYB)  related to its merger with Candid Therapeutics, Inc. Upon completion of the proposed transaction, Rallybio shareholders are expected to own approximately 3.65% of the combined company.

National Storage Affiliates Trust (NYSE: NSA) related to its sale to Public Storage. Under the terms of the proposed transaction, National Storage shareholders are expected to receive 0.14 of a share of Public Storage common stock or partnership units for each National Storage share or unit.

Urgent.ly, Inc. (NASDAQ: ULY)  related to its sale to Agero, Inc. Under the terms of the proposed transaction, Urgent.ly shareholders are expected to receive $5.50 per share in cash.

Non-Invasive Monitoring Systems, Inc. (OTCPK: NIMU) related to its merger with Gravitics, Inc. Upon completion of the proposed transaction, Non-Invasive shareholders are expected to own 4.5% of the combined company.

Quetta Acquisition Corporation (NASDAQ: QETA) related to its merger with Smart Kreate Group Limited.

Cathedra Bitcoin Inc. (OTCQB: CBTTF) related to its merger with Sphere 3D Corp. Under the terms of the proposed transaction, Cathedra shareholders will be entitled to receive 0.123014 shares of Sphere 3D common stock for each Cathedra share.