EX-3
from SC 13D
2 pages
June 19, 2020 • the La Jolla Board of Directors Has Approved the Transaction and Authorized Our Execution of the Merger Agreement, Subject to Your Termination of the Melinta Merger Agreement. • Our Proposal Is Not Subject to Any Financing Contingencies. We Stand Ready to Fund 100% of the Purchase Price With Cash on Hand (As of March 31, 2020, La Jolla Had $77.2 Million of Cash and No Debt). • in an Effort to Put the Parties in a Position to Move Quickly, We Have Agreed to Use the Form of the Melinta Merger Agreement. We Have Enclosed a Redline of the Merger Agreement, Marked to Show Changes From the Melinta Merger Agreement
12/34/56
