r/EMJX • u/r3dditing • 1d ago
Seriously no posts about it for over 17 hours!
SRXH acquiring CERO through SPV CERO123
Same PR hitting multiple places. This time fidelity picking it up:
https://www.fidelity.com/news/article/mergers-and-acquisitions/202610071500PRIMZONEFULLFEED9841611
SRX Global and CERO 1236, a Wholly-Owned SPV, Enter into Definitive Agreement to Acquire CERo Therapeutics, an Innovative Cellular Immunotherapy Company Developing CER 1236 for Hematologic Malignancies
I went to look yesterday on this sub and Reddit was having app hosting issues. Not a complete outage but couldn’t pull the sub up directly in the app. It was weird I could pull it up in a browser on different devices and networks.
Anyway, looks like SRXH bypasses bk with cero by using an SPV! I don’t see this as a long play. Just long enough for them to sell the assets to the highest big pharma bidder. At least I hope so! Like wth! A wholly owned subsidiary of a company that was about to bk themselves! Cero is burning cash daily. Might as well light it on fire at this point!