Asep Medical cuts ABT, Sepset voting stakes to 45% in reorganization deal
Reuters2026/09/05 02:27- Asep Medical restructured holdings in ABT Innovations, Sepset Biosciences, cutting indirect stakes to 45% from 50.1%.
- Settlement included intercompany debt resolution, issuance of one nonvoting preferred share in each unit to preserve economics.
- Preferred shares provide quarterly profit-based entitlement, structured similar to a royalty, with priority payout on liquidation events.
- CSE will reclassify Asep Medical as an investment company under exchange policies; name, symbol, CUSIP unchanged.
- Governance rights remain, including board representation, consent rights; Asep Medical plans continued support for development and commercialization.
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