What Happens to my Vital Therapies Shares or Warrants
Each share of Vital Therapies common stock issued and outstanding at the time of the Transaction will remain issued and outstanding. Following the closing of
the transaction, the Company will change its name to Immunic, Inc., which shares are expected to trade on The Nasdaq Stock Market under the symbol IMUX.
Vital Therapies warrants that are unexercised immediately prior to the effective time of the Transaction will remain outstanding.
What Happens if Merger is Not Approved
If the
Transaction does not close, the board of directors may elect to, among other things, attempt to complete another strategic transaction, attempt to sell or otherwise dispose of the various assets of the company, dissolve and liquidate its assets, or
continue to operate the business of Vital Therapies.
If the Company were to try to complete another strategic transaction, the value of the transaction
would be much lower by the time the transaction was priced as the value of Vital Therapies will continue to diminish over time.
If the Company decides to
dissolve and liquidate its assets, it would be required to pay all of its debts and contractual obligations, and to set aside certain reserves for potential future claims, and there can be no assurances as to the amount or timing of available cash
left, if any, to distribute to stockholders.
If Vital Therapies were to try and continue its business, in addition to raising additional capital to do
so, it would likely need to identify, acquire and develop other products or product candidates, as it has no current plans to pursue further development of its ELAD system. If Vital Therapies decided to reestablish its business, it would also need
to rebuild its workforce, which would be very costly.
THE BOARD OF DIRECTORS RECCOMENDS A VOTE FOR ALL PROPOSALS
Regardless of the number of shares you own, it is important that they be represented at the special meeting of stockholders. Your vote matters to us and we
need your support.
YOUR BROKER WILL NOT VOTE YOUR SHARES IF THEY DONT RECEIVE INSTRUCTIONS FROM YOU PLEASE VOTE YOUR SHARES
NOW SO YOUR VOTE CAN BE COUNTED WITHOUT DELAY
You still have time to vote by telephone or the internet. For telephone voting please call the toll
free number shown on the front of your voting instruction form. To vote by internet please go to www.proxyvote.com. There is a control number on the front of your voting instruction form. Please have the control number ready when you call or log on
and then follow the easy
step-by-step
instructions.
YOUR PARTICIPATION IS IMPORTANT - PLEASE VOTE TODAY!
If you are a Vital Therapies stockholder and you have questions regarding the Transaction, require assistance or if you are ready to give your verbal voting
instructions, please contact our proxy solicitor Advantage Proxy toll free at
1-877-870-8565
or by email at
ksmith@advantageproxy.com.
We appreciate your support.
IF YOU HAVE RECENTLY MAILED YOUR PROXY OR CAST YOUR VOTE BY PHONE OR OVER THE INTERNET, PLEASE ACCEPT OUR THANKS AND DISREGARD THIS REQUEST