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PARK CITY, Utah, Jan. 29, 2021 /PRNewswire/ DW Healthcare Partners V, L.P. ( DWHP ), announced today the expiration and final results of its previously announced cash tender offer (the Tender Offer ) to purchase all of the outstanding ordinary shares (the Tender Securities ) of Parnell Pharmaceuticals Holdings Ltd (OTC Pink Open Market: PARNF) ( Parnell ) at a price of U.S.$0.40 per share, net to the seller in cash without interest and less applicable withholding taxes. The Tender Offer expired at one minute after 11:59 p.m., New York City time on January 28, 2021 (the Expiration Time ).
The terms and conditions of the Tender Offer are described in the Offer to Purchase, dated December 21, 2020 ( Offer to Purchase ) and related Letter of Transmittal (the Letter of Transmittal ).
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DWHP Announces Extension of The Expiration Time of Its Tender Offer
January 22, 2021 GMT
PARK CITY, Utah, Jan. 21, 2021 /PRNewswire/ DW Healthcare Partners V, L.P. (“DWHP”), announced today that it is extending the expiration time of its previously announced cash tender offer (the “Tender Offer”) in the Offer to Purchase dated December 21, 2020 (“Offer to Purchase”) for all of the outstanding ordinary shares (the “Tender Securities”) of Parnell Pharmaceuticals Holdings Ltd (OTC Pink Open Market: PARNF) (“Parnell”) at a price of U.S.$0.40 per share, net to the seller in cash without interest and less applicable withholding taxes to 11:59 p.m., New York City time, on January 28, 2021 (the “New Expiration Time”).