ESSA Pharma Pays Out Dividend Early Amid Merger Talks

A small Canadian biotechnology company, ESSA Pharma Inc., announced a dividend of $80 million to existing shareholders before a merger with XOMA Royalty Corp. The dividend was to be paid on Aug. 22, but the announcement contained an off-by-one error, stating the dividend would be paid on August 22, when it should have been August 21. The error was later corrected.