Brent Geikie's questions to IGXT leadership • Q3 2023
Question
Inquired about the status and revenue timeline for the first CDMO contract, the potential for a second CDMO deal, and the pricing of atai's share purchase. He later followed up asking about potential communications from Tilray and if atai might buy shares on the open market.
Answer
The CDMO deal is a binding term sheet, with a definitive agreement expected in Q1 2024 and revenue in late 2024/early 2025. No second deal is on the immediate horizon. Atai's investment price is fixed at $0.185 per the convertible note. Tilray is unlikely to issue a press release until they have the product. Atai is not expected to buy shares on the open market but can provide support via existing warrants and notes.