Telomir completes TELI acquisition for 34.4M shares, consolidates global Telomir-1 rights
Filed April 24, 2026 · Period ending April 22, 2026 · ~1 min read
Key Changes
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Telomir issued 34.4 million restricted common shares to acquire TELI Pharmaceuticals, representing significant dilution to existing shareholders. The deal consolidates all worldwide rights to lead drug candidate Telomir-1 under one company.
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Bayshore Trust provided $1 million cash at closing and committed up to $4 million more tied to FDA milestones, including IND acceptance and Phase 1/2 trial initiation for Telomir-1.
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The acquisition eliminates prior geographic fragmentation where North American and international rights were held separately, giving Telomir unified control over development and commercialization strategy globally.
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Generated by AI · Jun 9, 2026 5:56 PM