Sign In  |  Register  |  About Sunnyvale  |  Contact Us

Sunnyvale, CA
September 01, 2020 10:10am
7-Day Forecast | Traffic
  • Search Hotels in Sunnyvale

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Aditxt Inc. (NASDAQ: ADTX) Regains NASDAQ Compliance, Announces $6M Private Placement

Aditxt (NASDAQ: ADTX), a company dedicated to discovering, developing and deploying promising health innovations, has regained compliance with NASDAQ’s minimum stockholders’ equity requirement. The company was notified by NASDAQ regarding the compliance issues, which is subject to a mandatory panel monitor until Dec. 29, 2024. In addition, the company announced that it has entered into definitive agreements for the purchase and sale of 1,237,114 shares of common stock (or prefunded warrant in lieu thereof). The purchase price of the shares was $4.85 per share (or prefunded warrant in lieu thereof) and accompanying warrant. According to the announcement, each share of common stock (or prefunded warrant in lieu thereof) is being offered together with warrants to purchase two shares of common stock at an exercise price of $4.60 per share, with the warrants being exercisable upon issuance and expiring three years from the date of issuance. The private placement, which should close on or about Jan. 3, 2024, is subject to customary closing conditions. The gross proceeds are estimated to be $6 million, with the company planning to use the funds for working capital and other general corporate purposes. “Regaining compliance with NASDAQ is crucial for Aditxt,” said Aditxt cofounder, chair and CEO Amro Albanna in the press release. “It is a testament to our commitment to excellence in corporate governance, operational integrity, and financial transparency. Being publicly traded on the NASDAQ is integral to our business model. It enables an inclusive approach to decision-making, where stakeholders, not just a select few, can actively participate in steering the course of promising innovations. Today’s announcement validates our efforts and reinforces our mission to advance health innovations that could significantly impact global health outcomes and enhance shareholder value.”

To view the full press releases, visit https://ibn.fm/BFZQ6 and https://ibn.fm/egKWY

About Aditxt Inc.

Aditxt is a global innovation company focused on therapeutics and technologies that monitor and modulate the immune system. The company’s mission — Making Promising Innovations Possible, Together — is defined by its growing ecosystem of research institutions, global industry partners and shareholders that inform and inspire that mission. Aditxt’s diverse innovation portfolio includes Adimune Inc.(TM), which is developing and designing a new class of therapeutics for retraining the immune system to address organ rejection, autoimmunity and allergies; Adivir Inc.(TM), which is focused on identifying, developing and commercializing new ways to treat infectious diseases; and Pearsanta Inc.(TM), which offers personalized immune monitoring intended to be informative for a wide range of health conditions, including hereditary cancer, wounds and cardiomyopathy. For more information, please visit www.Aditxt.com.

NOTE TO INVESTORS: The latest news and updates relating to ADTX are available in the company’s newsroom at https://ibn.fm/ADTX

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Sunnyvale.com & California Media Partners, LLC. All rights reserved.