NVLNF at $0.75 probably yields >=30% IRR per the background linked below (i.e. each NVLNF share will be exchanged for about .634 shares of AMYT, which trades on LSE, by 4Q2020)
AMYT also announced that as a result of the above, its largest new shareholders were:
Shareholder
Number of ordinary shares on Admission
Percentage of the issued share capital on Admission
Funds managed by Athyrium Capital Management, LP
42,883,097
27.2%
Novelion Therapeutics Inc.
14,040,250
8.9%
Funds managed by Highbridge Capital Management, LLC1
12,903,055
8.2%
As Athyrium and Highbridge were the largest Aegerion convert holders who backstopped the AMYT fundraise, they increased exposure to the Aegerion drugs in which they've been invested for years.
At US$1.79 per AMYT share, each share of NVLNF would be worth $1.15 per share.
The AMYT CEO this month bought ~8k AMYT shares near $1.60 per AMYT share.
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