- The stock price of Calyxt (CLXT) fell by over 18% intraday today. This is why.
The stock price of Calyxt (CLXT) fell by over 18% intraday today.
Why: Calyxt announced that its Board of Directors is evaluating potential strategic alternatives to maximize shareholder value. And as part of the process, the Board is considering a full range of strategic alternatives, which may include financing alternatives, merger, reverse merger, other business combinations, sale of assets, licensing, or other transactions. Calyxt retained Canaccord Genuity as its financial advisor and Sidley Austin as its legal counsel to assist in evaluating potential strategic alternatives.