The event will begin today at 11:30 a.m. ET
Aditxt, Inc. (NASDAQ: ADTX) (โAditxtโ or the โCompanyโ), a social innovation platform accelerating promising health innovations, announced that todayโs Aditxt Weekly Update will provide key updates on recent events, including:
- Aditxtโs recent notice from Nasdaq that it had regained compliance with Nasdaqโs minimum bid price requirement and is therefore in compliance with the Nasdaq Capital Marketโs listing requirements
- Updates on the Companyโs operating subsidiaries
- Progress on strategic transactions currently underway
Event Details:
Title: Aditxt Weekly Update
Date: Friday, April 11, 2025
Time: 11:30 a.m. ET
Location: Virtual (Zoom)
Registration: Click here to register
About Aditxt
Aditxt, Inc.ยฎ is a social innovation platform accelerating promising health innovations. Aditxtโs 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 Aditxtโs strategy, where multiple disciplines drive disruptive growth and address significant societal challenges. Aditxt operates a unique model that democratizes innovation, ensures every stakeholderโs 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 womenโs health. For these, Aditxt has entered into an Arrangement Agreement with Appili Therapeutics, Inc. ("Appili") (TSX: APLI; OTCPink: APLIF), which focuses on infectious diseases, and a Merger Agreement with Evofem Biosciences, Inc. ("Evofem") (OTCQB: EVFM). Each program will be designed to function autonomously while collectively advancing Aditxtโs mission of discovering, developing and deploying innovative health solutions to tackle some of the most urgent health challenges. The closing of each 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. These obligations include cash payments of approximately $17 million for Appili and $17 million for Evofem, which includes approximately $15.2 million required to satisfy Evofem's senior secured noteholder; should Aditxt fail to secure these funds, Evofem's senior secured noteholder is expected to seek to prevent the closing of the merger with Evofem. On Dec. 23, 2024, Evofem announced the cancellation of its special stockholders meeting and the withdrawal of the merger proposal with Aditxt from consideration by the stockholders. No assurance can be provided that all of the conditions to closing will be obtained or satisfied or that either of the transactions will ultimately close.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements include statements regarding the Companyโs intentions, beliefs, projections, outlook, analyses, or current expectations concerning, among other things, the Companyโs ongoing and planned product and business development; the Companyโs ability to finance and execute its strategic M&A initiatives; the Companyโs ability to obtain the necessary funding and partner to commence clinical trials; the Companyโs intellectual property position; the Companyโs ability to develop commercial functions; expectations regarding product launch and revenue; the Companyโs results of operations, cash needs, spending, financial condition, liquidity, prospects, growth, and strategies; the Companyโs ability to raise additional capital; expected usage of the Companyโs ELOC and ATM facilities; the industry in which the Company operates; and the trends that may affect the industry or the Company. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, as well as market and other conditions and those risks more fully discussed in the section titled "Risk Factors" in Aditxtโs most recent Annual Report on Form 10-K, as well as discussions of potential risks, uncertainties, and other important factors in the Companyโs other filings with the Securities and Exchange Commission. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250411071837/en/
Contacts
Aditxt, Inc.
Corporate Communications
Jeff Ramson, PCG Advisory, Inc.
T: 646-863-6893
