m_and_a
confidence high
sentiment neutral
materiality 0.70
Aditxt, Evofem amend merger agreement; adds Series G-1 preferred, new closing conditions
Aditxt, Inc.
- Amendment No. 6 adds Evofem Series G-1 Preferred Stock to the definition of Unconverted Company Preferred Stock.
- New condition: Aditxt must receive waivers from each holder of Evofem Series E-1 Convertible Preferred Stock.
- Dissenting shares threshold set: no more than 5,932,818 common shares or 202 preferred shares.
- Exchange Agreements limited to 89,021 shares of Aditxt preferred stock from Evofem convertible noteholders.
- Exhibit C replaced with Certificate of Designation for new Series A-2 Convertible Preferred Stock of Aditxt.
item 1.01item 9.01