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Aditxt Announces Closing of $17.4 Million Firm Commitment Public Offering of Common Stock and Warrants

Aditxt, Inc. (“Aditxt”, or the “Company”) (Nasdaq: ADTX), a biotech innovation company with a mission to improve the health of the immune system, announced today the closing of its previously announced underwritten public offering of 16,575,000 units, consisting of shares of its common stock and warrants to purchase up to 16,575,000 shares of its common stock at a public offering price of $1.05 per unit, for aggregate gross proceeds of $17,403,750, prior to deducting underwriter discounts, commissions, and other offering expenses. Units were not issued or certificated. The shares of common stock and warrants were issued separately. The warrants permit the holder to purchase one share of common stock at an exercise price of $1.15 per share and expire five years after the date of issuance. The underwriter has a 45-day option to purchase up to 2,486,250 additional shares of common stock and/or warrants to purchase up to an aggregate of 2,486,250 shares of common stock, on one or more occasions and in any combinations thereof, from us at the public offering price, less the underwriting discounts and commissions. The underwriter exercised the over-allotment option with respect to the warrants to purchase up to an aggregate of 2,486,250 shares of common stock, which exercise also has closed. The underwriter continues to hold a 45-day option to purchase up to 2,486,250 additional shares of common stock.

Dawson James Securities, Inc. is acting as sole book-running manager for the offering. Sheppard Mullin acted as counsel to Aditxt, and Schiff Hardin acted as counsel to the underwriter.

The offering of the common stock described above was made pursuant to an effective “shelf” registration statement on Form S-3 (File No. 333-257645), that was previously filed with the Securities and Exchange Commission (“SEC”) and declared effective by the SEC on July 13, 2021, and the base prospectus contained therein. Such shares of common stock were offered by means of a prospectus, including a prospectus supplement. A prospectus supplement and accompanying prospectus related to the offering of common stock was filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the offering of common stock may be obtained, when available, by contacting Dawson James Securities, Inc., Attention: Prospectus Department, 101 North Federal Highway, Suite 600, Boca Raton, FL, 33432, cwachowiz@dawsonjames.com or toll free at 866.928.0928.

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Nachrichtenquelle: Business Wire (engl.)
06.12.2021, 23:56  |  149   |   |   

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Aditxt Announces Closing of $17.4 Million Firm Commitment Public Offering of Common Stock and Warrants Aditxt, Inc. (“Aditxt”, or the “Company”) (Nasdaq: ADTX), a biotech innovation company with a mission to improve the health of the immune system, announced today the closing of its previously announced underwritten public offering of 16,575,000 …

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