other material
confidence high
sentiment positive
materiality 0.55
Valion Bio achieves first milestone under Statera license; issues preferred shares for $750K payment
Valion Bio, Inc.
- Achieved first milestone: validation of inventory for distribution and sales, triggering $750K payment.
- Issued 1,287.8685 Series A Preferred shares to Statera and Avenue as partial consideration.
- Milestone relates to Entolimod for Acute Radiation Syndrome (ARS) under A&R License Agreement.
- Remaining ARS milestones total $1.75M; Neutropenia milestones up to $2.75M if option exercised.
- Securities issued as unregistered, exempt under Section 4(a)(2) and Regulation D.