Korsana Biosciences completes merger with Cyclerion Therapeutics, to trade as KRSA on Nasdaq

By Public Technologies
  • Korsana Biosciences completed its merger with Cyclerion Therapeutics, creating a combined company renamed Korsana Biosciences.
  • Shares are set to begin trading on Nasdaq on Sept. 9 under ticker KRSA.
  • A $380 million private placement closed immediately before the merger, lifting expected post-transaction cash to about $475 million.
  • Cyclerion effected a 1-for-7 reverse stock split ahead of the deal; about 55,100,000 shares and equivalents are outstanding post-close.


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