EQT X to Acquire PepGen for $1.4 Billion

Ticker: PEPG · Form: 8-K · Filed: Jul 30, 2024 · CIK: 1835597

Pepgen Inc. 8-K Filing Summary
FieldDetail
CompanyPepgen Inc. (PEPG)
Form Type8-K
Filed DateJul 30, 2024
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$0.0001
Sentimentbullish

Sentiment: bullish

Topics: acquisition, private-equity, biotech

TL;DR

EQT X buying PepGen for $1.4B ($22/share cash) - deal expected Q4 2024.

AI Summary

PepGen Inc. announced on July 30, 2024, that it has entered into a definitive agreement to be acquired by a subsidiary of EQT X, a leading global investment organization. The transaction is valued at approximately $1.4 billion, with EQT X agreeing to acquire all outstanding shares of PepGen for $22.00 per share in cash. This acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Why It Matters

This acquisition by EQT X at a significant premium indicates strong investor confidence in PepGen's technology and future prospects, potentially benefiting shareholders and validating the company's research and development efforts.

Risk Assessment

Risk Level: medium — The acquisition is subject to customary closing conditions, including regulatory approvals, which could delay or prevent the transaction from closing.

Key Numbers

  • $1.4B — Transaction Value (Total amount EQT X is paying for PepGen.)
  • $22.00 — Per Share Price (Cash amount each PepGen shareholder will receive.)

Key Players & Entities

  • PepGen Inc. (company) — Company being acquired
  • EQT X (company) — Acquiring entity
  • $1.4 billion (dollar_amount) — Total transaction value
  • $22.00 (dollar_amount) — Per share acquisition price
  • July 30, 2024 (date) — Date of announcement
  • fourth quarter of 2024 (date) — Expected closing period

FAQ

What is the total value of the acquisition agreement between PepGen Inc. and EQT X?

The acquisition agreement values PepGen Inc. at approximately $1.4 billion.

What is the per-share price offered by EQT X for PepGen Inc. shares?

EQT X has agreed to acquire all outstanding shares of PepGen for $22.00 per share in cash.

When is the acquisition of PepGen Inc. by EQT X expected to be completed?

The transaction is expected to close in the fourth quarter of 2024.

Who is the acquiring entity in this transaction?

A subsidiary of EQT X, a leading global investment organization, is acquiring PepGen Inc.

What are the conditions for the closing of the acquisition?

The acquisition is subject to customary closing conditions, which may include regulatory approvals.

Filing Stats: 1,021 words · 4 min read · ~3 pages · Grade level 10.7 · Accepted 2024-07-30 16:55:09

Key Financial Figures

  • $0.0001 — ich registered Common Stock, par value $0.0001 per share PEPG Nasdaq Global Select

Filing Documents

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release, dated July 30, 2024, issued by PepGen Inc. 99.2 Corporate Presentation by PepGen Inc. relating to the CONNECT1-EDO51 5 mg/kg Clinical Data 104 Cover page interactive data file (embedded within Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. PEPGEN INC. Date: July 30, 2024 By: /s/ Noel Donnelly Name: Noel Donnelly Title: Chief Financial Officer

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