Arca Biopharma (ABIO) Declares $1.59 Special Dividend; 53.9% Yield
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ARCA biopharma Declares Special Dividend in Connection with the Proposed Merger with Oruka Therapeutics
August 16, 2024 4:15 PM EDTSpecial dividend estimated to be $1.59 per share
Payment of special dividend conditioned upon ARCA stockholder approval of the Proposed Merger with Oruka
WESTMINSTER, Colo., Aug. 16, 2024 (GLOBE NEWSWIRE) -- ARCA biopharma, Inc. (NASDAQ: ABIO) (ARCA) today announced that its Board of Directors has declared a special cash dividend (the Special Dividend) in connection with the previously announced merger (the Merger) with Oruka Therapeutics, Inc. (Oruka) pursuant to the Agreement and Plan of Merger and Reorganization, dated April 3, 2024 (the Merger Agreement).
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