Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
WINDTREE THERAPEUTICS INC /DE/ entered into Inducement Letter with a certain holder (the "Exercising Holder") valued at approximately $157,000 (effective 2023-02-21).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- a certain holder (the "Exercising Holder")
- Value
- approximately $157,000
- Effective
- 2023-02-21
Exact text from the filing
On February 21, 2023, Windtree Therapeutics, Inc. (the "Company") entered into a warrant exercise inducement offer letter (the "Inducement Letter") with a certain holder (the "Exercising Holder") of certain of the Company’s: (i) warrants issued in July 2018 to purchase 62,500 shares of common stock, par value $0.001 per share ("Common Stock"), with an exercise price of $12.00 per share (the "July 2018 Warrants"); (ii) warrants issued in December 2018 to purchase 498,008 shares of Common Stock with an exercise price of $12.15 per share (the "December 2018 Warrants"); (iii) warrants issued in December 2019 to purchase 275,938 shares of Common Stock with an exercise price of $12.09 per share (the "December 2019 Warrants"); and (iv) warrants issued in May 2020 to purchase 275,862 shares of Common Stock with an exercise price of $7.975 per share (the "May 2020 Warrants", and together with the July 2018 Warrants, December 2018 Warrants and December 2019 Warrants, the "Existing Warrants").
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