Aditxt engages Dawson James as M&A advisor; $1.85M initial fee plus transaction fees

Aditxt, Inc.

Initial fee of $1.85M payable upon closing of offering >$4.9M or 5 days after signing; may be paid in securities up to 50%.
Transaction fee: 5% of first $20M total transaction value, 10% on excess, payable upon closing of a Business Combination.
Term of 12 months; either party may terminate with 30 days' notice, but fee obligations survive.
Securities consideration consists of Preferred Stock Units from planned bridge financing, subject to registration.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Aditxt, Inc. entered into Engagement Letter with Dawson James Securities, Inc. valued at $1.85 million initial fee, plus transaction fee of 5% of first $20.0 million and 10% of excess above (effective 2024-02-16).

Action: entry
Counterparty: Dawson James Securities, Inc.
Value: $1.85 million initial fee, plus transaction fee of 5% of first $20.0 million and 10% of excess above
Effective: 2024-02-16

Exact text from the filing

On February 16, 2024, Aditxt, Inc. (the " Company ") entered into an engagement letter (the " Engagement Letter ") with Dawson James Securities, Inc. (" Dawson "), pursuant to which the Company engaged Dawson to serve as financial advisor with respect to one or more potential business combinations involving the Company for a term of twelve months.

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Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-015781

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