Announcement • Dec 18
Evoke Pharma, Inc.(NasdaqCM:EVOK) dropped from NASDAQ Composite Index Evoke Pharma, Inc. will be removed from NASDAQ Composite Index. Announcement • Dec 17
QOL Medical, LLC completed the acquisition of Evoke Pharma, Inc. (NasdaqCM:EVOK). QOL Medical, LLC entered into a definitive agreement to acquire Evoke Pharma, Inc. (NasdaqCM:EVOK) for $18.9 million on November 3, 2025. QOL Medical will acquire Evoke for $11.00 per share in cash at closing. The subsidiary of QOL Medical will merge into Evoke and any remaining shares of common stock of Evoke will be cancelled and converted into the right to receive the same price per share payable in the tender offer. QOL Medical intends to finance the transaction using cash on hand. In case of termination $1.5 million is payable by Evoke Pharma.
The transaction is subject to approval of merger agreement by target board, approval of offer by acquirer shareholders, approval of offer by acquirer board, approval of offer by target shareholders and minimum tender. The transaction has been unanimously approved by the Boards of Directors of both companies and will be conducted via a tender offer. Transaction expected to close by the end of 2025.
John C. Connery, Jr and Roland S. Chase of Hill Ward & Henderson acted as legal advisor for QOL Medical, LLC. Daniel Rees and Matthew Bush of Latham & Watkins LLP acted as legal advisor for Evoke Pharma, Inc. Stifel acted as financial advisor and fairness opinion provider for Evoke Pharma, Inc. Broadridge Corporate Issuer Solutions, LLC acted as depositary bank for Evoke Pharma, Inc.
QOL Medical, LLC completed the acquisition of Evoke Pharma, Inc. (NasdaqCM:EVOK) on December 15, 2025. Reported Earnings • Nov 16
Third quarter 2025 earnings: Revenues and EPS in line with analyst expectations Third quarter 2025 results: US$0.45 loss per share (improved from US$0.94 loss in 3Q 2024). Revenue: US$4.28m (up 61% from 3Q 2024). Net loss: US$1.16m (loss narrowed 12% from 3Q 2024). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Pharmaceuticals industry in the US. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.