Aditxt (NASDAQ: ADTX) provided shareholders with an update on its capital structure, disclosing details on shares issued through its Equity Line of Credit (“ELOC”) and At-the-Market (“ATM”) facility since activation. As of Nov. 7, 2024, Aditxt has sold approximately 11.9 million shares, representing 8% of the total 153 million shares traded since the ELOC and ATM initiation. The company also announced a temporary suspension of the Shelf registration statement, including ELOC and ATM, beginning November 11, pending completion of filings related to its proposed acquisitions. Moving forward, Aditxt plans to prioritize debt financing to meet capital needs, aiming to reduce equity-based dilution and maintain shareholder value.
To view the full press release, visit https://ibn.fm/dw0ls
About Aditxt Inc.
Aditxt is an innovation platform dedicated to accelerating promising health innovations. Aditxt’s ecosystem of research institutions, industry partners and shareholders collaboratively drives its mission to “Make Promising Innovations Possible Together.” The innovation platform is the cornerstone of Aditxt’s strategy, where multiple disciplines drive disruptive growth and address significant societal challenges. Aditxt operates a unique model that democratizes innovation, ensures every stakeholder’s voice is heard and valued, and empowers collective progress. Aditxt currently operates two programs focused on immune health and precision health. The company plans to introduce two additional programs dedicated to public health and women’s health. For these, Aditxt has entered into an arrangement agreement with Appili Therapeutics Inc. (TSX: APLI) (OTC: APLIF), which focuses on infectious diseases, and a merger agreement with Evofem. Each program will be designed to function autonomously while collectively advancing Aditxt’s mission of discovering, developing and deploying innovative health solutions to tackle some of the most urgent health challenges. The closing of the transactions with Appili and Evofem is subject to several conditions, including but not limited to approval of the transactions by the respective target shareholders and Aditxt raising sufficient capital to fund its obligations at closing. No assurance can be given that all of the conditions to closing will be obtained or satisfied or that either of the transactions will ultimately close. For more information, please visit www.Aditxt.com.
NOTE TO INVESTORS: The latest news and updates relating to ADTX are available in the company’s newsroom at https://ibn.fm/ADTX
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