Aditxt enters $150M equity line with Seven Knots; company can draw at will

Aditxt, Inc.

Up to $150M total purchase commitment; initial cap at 19.99% of outstanding shares unless stockholder approval obtained.
Commitment fee payable to Investor; fee due later of Jan 2, 2025 or trading day after stockholder approval.
Company sole discretion to direct purchases; no upper price limit; proceeds for working capital and general corporate purposes.
Investor may not exceed 4.99% beneficial ownership; no short sales or hedging by Investor during term.
Company can terminate at any time after Commencement Date with three trading days' notice.

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 Common Stock Purchase Agreement with an equity line investor (the 'Investor') valued at $150,000,000 (effective 2024-05-02).

Action: entry
Agreement: equity purchase
Counterparty: an equity line investor (the 'Investor')
Value: $150,000,000
Effective: 2024-05-02

Exact text from the filing

On May 2, 2024, Aditxt, Inc. (the “ Company ”) entered into a Common Stock Purchase Agreement (the “ Purchase Agreement ”) with an equity line investor (the “ Investor ”), pursuant to which the Investor has agreed to purchase from the Company, at the Company’s direction from time to time, in its sole discretion, from and after the date effective date of the Registration Statement (as defined below) and until the termination of the Purchase Agreement in accordance with the terms thereof, shares of the Company’s common stock having a total maximum aggregate purchase price of $150,000,000

View on SEC.gov

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

Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-040480

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.