Jupiter Acquisition Pursues 6-Month Extension on Filament Deal After Scheduling Merger Vote

Jupiter Acquisition, a week after scheduling a vote for its proposed merger with Filament Health, filed a proxy seeking a deadline extension up to June 2024. The extension vote is set for Dec. 14. The merger vote on Filament was announced as Dec. 5.

The deal values Filament at an equity value of approximately $176 million, and had been expected to close by the end of this year, subject to shareholder approvals and other closing conditions.

Filament is a natural psychedelic drug development company focused on the treatment of substance use disorders. Read more.

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Alpine Acquisition Again Postpones Vote on Two Bit Circus Deal

Alpine also has an agreement with affiliates of Atrium Hospitality to acquire two full-service conference hotels with 739 rooms and 135,000 square feet of conference facilities in Denver, CO and Stamford, CT. Alpine would pay $65 million in cash and stock for the two conference hotels, which would be renovated and used for expansion by the Los Angeles-based Two Bit Circus.