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ClosedPublished 11 Jun 2026

ADIAL PHARMACEUTICALS, INC. /
Azora

Adial Pharmaceuticals completes Azora deal

Buy side: ADIAL PHARMACEUTICALS, INC.
Buy sideADIAL PHARMACEUTICALS, INC.
Target: Azora
TargetAzora
ADIAL PHARMACEUTICALS, INC. · 11 Jun 2026Source
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Buy side: ADIAL PHARMACEUTICALS, INC.
Buy sideADIAL PHARMACEUTICALS, INC.
Target: Azora
TargetAzora
01 / BuyerADIAL PHARMACEUTICALS, INC.
02 / TargetAzora
Source for the buyer and target: ADIAL PHARMACEUTICALS, INC.

For the buyer and target.

“On June 11, 2026, Adial Pharmaceuticals, Inc., a Delaware corporation (the “ Company ” or “ Adial ”), acquired Azora Therapeutics, Inc., a Delaware corporation (“ Azora ”), in accordance with the terms of the Agreement and Plan of Merger, dated June 11, 2026 (the “ Merger Agreement ”), by and among the Company, Adial Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“ First Merger Sub ”), Adial Second Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“ Second Merger Sub ”), and Azora.”

Published 11 Jun 2026

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01

What happened

Adial Pharmaceuticals said it completed its acquisition of Azora on June 11, 2026, under a merger agreement. Azora stockholders received shares of Adial common stock and Series A Non-Voting Convertible Preferred Stock as consideration. [01]

Terms weren't disclosed. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · ADIAL PHARMACEUTICALS, INC.

Adial Pharmaceuticals completes Azora deal

This document is the source for the companies, stage and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Closed

    “Adial Pharmaceuticals completes Azora deal Adial Pharmaceuticals said it completed its acquisition of Azora on June 11, 2026, under a merger agreement”

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  2. Published by ADIAL PHARMACEUTICALS, INC.

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04

Deal Web

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Deal Web · 2 firms · 0 peopleHover a name to see how it connects
This dealADIAL PHARMACEUTICALS, INC. / AzoraClosed · Published 11 Jun 2026
BuyerADIAL PHARMACEUTICALS, INC.TargetAzora
This dealADIAL PHARMACEUTICALS, INC. / Azora

Closed · ADIAL PHARMACEUTICALS, INC. acquired Azora (Closed, published 11 Jun 2026).

Closed 11 Jun 2026
Timeline
  1. Closed
  2. Published by ADIAL PHARMACEUTICALS, INC.
Hover or tap a name to see how it connects, and when
Deal Web as a list
  • ADIAL PHARMACEUTICALS, INC. (Buyer) acquired this deal. ADIAL PHARMACEUTICALS, INC.: 1 deal on Carrywatch.
  • Azora (Target) target this deal. Azora: 1 deal on Carrywatch.