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In connection with the closing, a total of 64,608,187 Choom shares were issued to the former holders of Phivida shares, resulting in former Phivida shareholders holding approximately 28.6% of the total number of issued and outstanding Choom shares. In addition, the outstanding options to purchase Phivida shares have been replaced with options to purchase Choom shares on the same terms and conditions, other than necessary adjustments, as set out in the plan of arrangement.
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