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Mar 24 • 4 tweets • 2 min read
#SpinoffUpdate

Ligand $LGND to Spin-Off its OmniAb Business Through Merger with Avista Public Acquisition Corp. II $AHPA

$LGND bit.ly/3iyq4AV
businesswire.com/news/home/2022…
On Nov 9, 2021 Ligand Pharmaceuticals $LGND announced it is pursuing plans to split Ligand into two separate, publicly traded companies with one featuring the OmniAb business bit.ly/3JRDSCV
OmniAB Investor Presentation: bit.ly/3iOoKdD
Ligand $LGND intends to distribute 100% of its ownership of OmniAb to Ligand shareholders in a tax-free distribution.

The transaction is expected to close in the second half of 2022.

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