Apollo + Lpath Sign Merger Agreement

Palo Alto – September 13, 2016 – Cooley advised Apollo Endosurgery on its merger agreement with Lpath. The Apollo security holders are expected to own approximately 95.8 percent of the combined company and the Lpath security holders are expected to own approximately 4.2 percent of the combined company, subject to adjustments as described in the merger agreement. The deal is expected to close in the fourth quarter.

Apollo is a medical device company focused on less invasive therapies for the treatment of obesity, a condition facing over 500 million people globally, as well as other gastrointestinal disorders.

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Press Coverage

"VC-backed Apollo Endosurgery and Lpath to Merge," PEHub 

Related Contacts
Mark Weeks  Partner Palo Alto
Mark Windfeld-Hansen  Senior Counsel Palo Alto
Michael Tollini  Partner Washington, DC, New York
Barbara Mirza  Partner Los Angeles, Palo Alto
Renee Deming  Retired Partner Palo Alto
James Linfield  Senior Counsel Colorado
John McKenna  Partner Palo Alto
Josh Seidenfeld  Partner Palo Alto
Sepideh Mousakhani  Partner Palo Alto
Amanda Pacheco  Associate Palo Alto