Logo

Pyrosequencing to Hold General Meeting in Sept. on Personal Chemistry Question

Aug 22, 2003

NEW YORK, Aug. 22 (GenomeWeb News) - Pyrosequencing's board called today for a general meeting to be held Sept. 25 to decide on the issuing of over 23 million shares of stock in the newly acquired Personal Chemistry.

 

Uppsala, Sweden-based Pyrosequencing announced on Aug. 7 that it had agreed to buy 94.1 percent of Personal Chemistry's shares and to purchase the remaining shares through a separate agreement with the holders of options in Personal Chemistry (see article). Personal Chemistry is also based in Sweden.

 

At the meeting, Pyrosequencing's board will propose that the company issue a maximum of 23.2 million ordinary shares, debentures with a maximum of 11.5 million warrants, and an authorization for the board to issue additional shares and debentures with warrants to remaining stockholders in the future.

 

Once the merger is finalized, Personal Chemistry's shareholders will control 40 percent of the share capital and votes in Pyrosequencing.

Breaking News
The Scan

Genes Linked to White-Tailed Jackrabbits' Winter Coat Color Change

Climate change, the researchers noted in Science, may lead to camouflage mismatch and increase predation of white-tailed jackrabbits.

Adenine Base Editor Targets SCID Mutation in New Study

Researchers from the University of California, Los Angeles, report in Cell that adenine base editing was able to produce functional T lymphocytes in a model of severe combined immune deficiency.

Researchers Find Gene Affecting Alkaline Sensitivity in Plants

Researchers from the Chinese Academy of Science have found a locus affecting alkaline-salinity sensitivity, which could aid in efforts to improve crop productivity, as they report in Science.

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.