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BioMed to Invest $5 Million in PsyLabs via Share-for-Share Exchange","url":"https://stock-news.laohu8.com/highlight/detail?id=2613183632","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2613183632?lang=en_us&edition=fundamental","pubTime":"2026-02-21 06:20","pubTimestamp":1771626013,"startTime":"0","endTime":"0","summary":"Psyence Biomedical Ltd. said Psyence Labs Ltd. exercised a previously disclosed put option requiring Psyence BioMed to make a $5.0 million equity investment in PsyLabs at fair market value via a non-cash share-for-share exchange. Under the terms, Psyence BioMed will receive 2,900 PsyLabs shares valued at $1,724 per share, and will issue 1,146,159 Psyence BioMed common shares to PsyLabs, priced using a 30-day VWAP of $4.36 per share. Following issuance, PsyLabs is expected to own about 49.98% of Psyence BioMed’s outstanding shares, with closing targeted on or about Feb. 25, 2026, subject to customary conditions.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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