Kyto Technology & Life Science Inc. (OTCMKTS:KBPH) Terminates Tender Offer: Stock Flat

May 9, 2022May 9, 2022 Madison Hall $KBPH, $KBPH news, $KBPH stock, $Kyto Technology & Life Science Inc. (OTCMKTS:KBPH), $OTCMKTS:KBPH

Kyto Technology & Life Science Inc. (OTCMKTS:KBPH) is moving in a range after announcing the termination of the previously disclosed tender bid to enable the amendment of outstanding warrants to acquire 1.597 million common shares in Kyto to now buy 4.79 million common shares in Kyto which was expected to expire on May 16, 2022, at 11:59 PM San Francisco following a re-evaluation of offering terms.

Market Stats

On Friday, KBPH stock ended flat at $1.84 with 200 shares, compared to its average volume of 6 shares. The stock moved within a range of $1.8400 – 1.8400 after opening trading at $2.

Kyto Technology & Life Science Inc. Announces the Termination of Tender Offer

Following this termination, there will be no amendment of Original Warrants, and there shall be no issuance of shares with all Election Forms tendered previously and not withdrawn or cancelled.

The firm is seeking opportunities to buy back shares periodically, subject to relevant laws in the future. Any future purchases made via open market purchases through a plan that complies with the 1934 Securities Exchange Act as amended via private acquisitions or other similar deals shall be subject to relevant legal requirements, market terms, and contractual obligations. So in the coming weeks, investors should watch KBPH.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.