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Combined company to operate as Coeptis Therapeutics Holdings, Inc. and commence trading on The Nasdaq Global Market under Ticker Symbol "COEP"
WEXFORD, Pa. and MIAMI, Oct. 31, 2022 /PRNewswire/ -- Coeptis Therapeutics, Inc. ("Coeptis"), a biopharmaceutical company developing innovative cell therapy platforms for cancer, today announced the completion of its business combination with Bull Horn Holdings Corp. (NASDAQ:BHSE), a special purpose acquisition company ("Bull Horn"). In connection with the Business Combination, the combined company has been renamed "Coeptis Therapeutics Holdings, Inc." (the "Company") and its public shares and warrants are expected to commence trading on the Nasdaq Global Market under the ticker symbols "COEP" and "COEPW," respectively, today, October 31, 2022. The Company will continue to focus primarily on the development of innovative cell therapy platforms for patients with cancer.
In connection with the Business Combination, the former stockholders of Coeptis exchanged their shares of common stock for common stock of Bull Horn at a rate of 2.96851721 for 1. Following the Business Combination, the Company has approximately 19.5 million shares of common stock issued and outstanding, with the former stockholders of Coeptis now owning approximately 88% of the Company, and the existing shareholders of Bull Horn owning approximately 12% of the Company.
"This is a significant step for Coeptis as we seek to become a leader in the development of next generation cell therapy technologies for cancer. This transaction closely follows our recent in-licensing of SNAP-CAR, a multi-antigen CAR T technology platform, providing a springboard into what we envision will be an active period for the company," said David Mehalick, who will lead the Company as Chief Executive Officer and Chairman. "Critically important, the merger with Bull Horn has enabled our stock to be listed on the Nasdaq Global Market. Uplisting to Nasdaq is a key aspect of our goal to drive long-term shareholder value by potentially augmenting our visibility within the investment community to increase the liquidity of our stock and broaden our shareholder base."
Following the closing of the Business Combination, David Mehalick will serve as the Chief Executive Officer and Chairman, and the remaining Coeptis executive team will continue with the Company in the roles they served at Coeptis prior to the Business Combination. Christopher Calise, Bull Horn's Chief Financial Officer and Director, will serve on the Board of Directors of the Company.
In light of the closing of the Business Combination, Bull Horn has cancelled its special meeting of shareholders that had been previously scheduled for November 2, 2022, to vote on an amendment to its amended and restated memorandum and articles of association to extend the deadline to complete Bull Horn's initial business combination.
