Added to YB: 2026-07-29
Pitch date: 2026-07-26
ATAI [neutral]
AtaiBeckley Inc.
Author Info
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Company Info
AtaiBeckley Inc., a clinical-stage biopharmaceutical company, engages in the research, development, and commercialization of mental health treatments in the United States, Germany, and Canada.
Market Cap
$2.7B
Pitch Price
N/A
Price Target
9.25
Dividend
N/A
EV/EBITDA
-20.08
P/E
-2.94
EV/Sales
696.89
Sector
Pharmaceuticals
Category
special_situation
$ATAI: Lilly is paying USD 6.75 in cash — the whole fight is the CVR stapled to it
ATAI (overview): Lilly acquiring AtaiBeckley for $6.75/sh cash (~$2.8B) + CVR up to $2.50 (3 tranches on VLS-01 Ph3 start, BPL-003 & VLS-01 FDA approval/DEA rescheduling, 4-7yr clocks). At ~$7.09, market prices CVR at only ~14% of face. Downside $6.75 floor (~5%); full payout $9.25 (~30%). Sell-side Hold, PT $7.45-8. Q3 2026 close, vote/HSR pending.
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