Avidity (RNA) Moves Date for Shareholder Vote on Novartis Merger

Avidity Biosciences Inc. (NASDAQ:RNA) is one of 15 stocks with the biggest hedge fund momentum, after gaining 28 hedge fund holders during the fourth quarter of 2025. On February 23, Avidity Biosciences Inc. (NASDAQ:RNA) adjourned its special stockholder meeting scheduled for the same day and moved the date to February 26.

Avidity Biosciences Inc. (NASDAQ:RNA) said it needs additional time to satisfy conditions for the distribution of all outstanding shares of Atrium Therapeutics Inc. to Avidity stockholders. The distribution is required before closing the previously announced merger with Novartis AG. The company said the distribution is expected to occur on February 26, with the merger closing anticipated for February 27. Both transactions remain subject to closing conditions, including stockholder approval. The company’s common stock will temporarily trade under the symbol “RNAM” on the Nasdaq Global Market beginning on the distribution date to facilitate the transition.

Avidity Biosciences Inc. (NASDAQ:RNA) engages in the development of a new class of oligonucleotide-based therapies called Antibody Oligonucleotide Conjugates (AOC). It utilizes its AOC platform to design, engineer, and develop therapeutics that combine the tissue selectivity of monoclonal antibodies and the precision of oligonucleotide-based therapies in order to access previously undruggable tissue and cell types and more effectively target underlying genetic drivers of diseases.

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