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Aytu BioScience Inc. (AYTU) RSS Feed

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https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html
 


 


What You Need to Know

Aytu BioScience is pursuing an emergency use authorization with the FDA for the COVID-19 IgG/IgM test. The COVID-19 IgG/IgM is a rapid test intended for the presumptive qualitative detection of IgG/IgM antibodies from the 2019-nCoV in blood samples from individuals with signs and symptoms of infection who are suspected of Sars Cov-2.

How can I stay informed about the availability of the COVID-19 IgG/IgM test?

Healthcare professionals, institutions, and other interested parties with questions about the Company’s recently licensed COVID-19 IgG/IgM Rapid Test are asked to send email inquiries to COVID-19@aytubio.com
_________________________________________________________________________________________________________________________________________________________________________

On Dec 9, 2020 AYTU effected a 1-for-10 REVERSE STOCK SPLIT (shares were trading at approx 60 cents pre-split in early Dec 2020 and then began trading at approx $6 per share post the reverse split being impletmented on Dec 9th, 2020):

SEC FILED 8-K:

"Aytu BioScience, Inc. (“the Company” or “Aytu”) Board of Directors approved a 1-for-10 reverse stock split of the Company's common stock, which will be effective at 8:00 a.m. Eastern Time on Tuesday, December 8, 2020. The Company's stockholders approved the reverse stock split at an Annual Meeting of Stockholders on April 23, 2020. The Company's shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market commencing upon market open on December 9, 2020."
 

On Dec 10th, 2020 AYTU released PR describing another "proposed merger" - this time with a company called "Neos Therapeutics " :

Proposed Dec 2020 Merger PR
 

Almost as fast as that merger was announced - it was met with PR by a law firm indicating a possible lawsuit to block said merger:

AYTU News: ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Neos Therapeutics, Inc.
 

On Dec 11th, 2020 almost immediately after completing a 1-for-10 reverse split, AYTU then released another PR indicating an additional dilutive share sale.  

This appears to be a repeating pattern with AYTU whereby their common shares get diluted down/fall below the NASDAQ minimum pricing requirements of $1 per share - at which point AYTU Sr Mgt (Josh Disbrow CEO) then reverse splits the stock, then almost immediately always follows with a dilutive sale of shares, called a "cash raise for working cash purposes".  Wash, rinse, repeat on a regular basis is the history of this stock and company:

DILUTION SHARE SALE OFFERING PR

Once again H.C. Wainright & Co "ran book" and handled the "offering" (dilution share sale) for AYTU, as has been the company practice several times in the past.

 
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