Aditxt raises $4.2M in private placement of convertible preferred and warrants

Aditxt, Inc.

Gross proceeds $4.2M from sale of 4,186 Series C-1 convertible preferred shares, 4,186 Series D-1 voting preferred shares, and warrants for ~1.6M common shares.
Series C-1 convertible at $2.595/share; warrants exercisable at $2.47/share for 5 years, beginning 6 months after issuance.
Company to use $1.0M of net proceeds for merger obligations with Evofem Biosciences; remainder for working capital.
Placement agent Dawson James receives 7% cash fee and warrants for 5% of securities sold.
Private placement expected to close on or about May 6, 2024.

item 1.01 item 5.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Aditxt, Inc.: On May 2, 2024, the Company filed Certificates of Designation for Series C-1 and Series D-1 Preferred Stock with the Secretary of State of Delaware, establishing the terms of these new preferred stock series (effective 2024-05-02).

Change: charter amendment
Effective: 2024-05-02

Exact text from the filing

On May 2, 2024, the Company filed a Certificate of Designation for its Series C-1 Preferred Stock with the Secretary of State of Delaware (the “ Series C-1 Certificate of Designations ”).

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

Aditxt, Inc. entered into Securities Purchase Agreement with certain accredited investors (effective 2024-05-02).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Effective: 2024-05-02

Exact text from the filing

On May 2, 2024, Aditxt, Inc. (the " Company ") entered into a Securities Purchase Agreement (the " Purchase Agreement ") with certain accredited investors

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259 governance changes filed in the last 30 days. Browse all governance changes →

Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-040875

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