Aditxt closes $10M private placement with warrants, net proceeds ~$9M

Aditxt, Inc.

Gross proceeds $10M from sale of 1M shares/pre-funded warrants at $10 each plus 1M warrants exercisable at $10/share.
Net proceeds ~$9M after fees; used for working capital, ~$3.1M obligations, ~$0.4M debt repayment.
Pre-funded warrants exercisable at $0.001/share; common warrants expire in 5.5 years, immediate exercisability.
H.C. Wainwright exclusive placement agent; received 60,000 agent warrants at $12.50 exercise price.
Securities unregistered under Section 4(a)(2)/Reg D; registration rights agreement for resale.

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aditxt, Inc. entered into Purchase Agreement with an institutional investor (effective 2023-08-31).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor
Effective: 2023-08-31

Exact text from the filing

On August 31, 2023, Aditxt, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an institutional investor for the issuance and sale in a private placement (the “Private Placement”) of (i) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 1,000,000 shares of the Company’s common stock

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283 material agreements filed in the last 30 days. Browse all material agreements →

Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-074422

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