Aytu BioScience Inc. (AYTU): The Warrants had an exercise price equal...

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Aytu BioScience Inc. (AYTU)

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Re: None

Wednesday, 03/11/2020 12:18:10 AM

Wednesday, March 11, 2020 12:18:10 AM

The Warrants had an exercise price equal to $1.25 and contain cashless exercise provisions. One such provision which was dependent on performance of our stock price between October 11, 2019 and the date of exercise of all, or a portion of the Warrants, subject to the entire transaction receiving shareholder approval was satisfied. Our shareholders approved the transaction on January 24, 2020. On January 27, 2020, 2.0 million cashless warrants were exercised to acquire 2.0 million shares of our common stock.

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