NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Insider warrants/options suspended twice, now through 4/30/21

Warrants and Options Suspension

On January 15, 2021, the Company further extended the suspension of approximately 256 million warrants and options held by certain officers and directors of the Company until February 28, 2021.

On February 28, 2021, the Company further extended the suspension of approximately 262 million warrants and options held by certain officers and directors of the Company until April 30, 2021.

A total 262 million warrants and options will be suspended until April 30, 2021.

My take:

The note does not specify what consideration was given for the suspensions.

This keeps the total of (Shares Outstanding + non-suspended Potentially Dilutive) just below share authorization.

I suspect this takes April 2021 off the table for TLD, which presumably puts it after the annual meeting that nwbo still owes shareholders.

Next announcement should be the annual meeting and proxy.