Current Price: $0.77 (CVR only)
Offer Price: $3.70
Upside: 380%
Expiration Date: December 2030
CVR
SiriusPoint (SSPCF) – CVR Trade – 11% Upside
Current Price: $12.38 ($5.25 SSPCF + $7.13 for partial SPNT)
Offer Price: $13.73
Upside: 11%
Expiration Date: February 26th, 2023
Pfenex (PFNX) – CVR – 11% Upside (or 200% on CVR Investment)
Current Price: $12.65
Offer Price: $12.00 in cash + $2.00 CVR
Upside: 11% full investment or 200% on CVR investment
Expected Closing: Q4 2020
SteadyMed (STDY) – Merger with CVR – 60% Upside
Current Price – $4.52
Merger Consideration – $4.46 + $2.63 in CVR
Upside – 60% if CVR pays out
Expiration Date – Q3 2018
Ladbrokes Coral (LCL) – Free CVR – 25% upside
Current Price – £1.7
Merger Consideration – £1.68+CVR
Upside – CVR worth up to £0.428
Expiration Date – End of March or early April
NewStar Financial (NEWS) – CVR – 200% upside
Current Price – $11.72
Buyout Price – $11.44+CVR (valued at $0.84-$1.00)
Upside – 200%
Expiration Date – Q4 2017