ADiTx Inc (ADTX)

[longboarder7892]

Too bad this is another scam stock... Man when will these scammers stop stealing from the public???? the deal is so under water no body makes money but the ones that do the deal 1.76 today Oct 11th they shorted the deal with the warrants imo
Aditxt Inc. shares were down 30% to $2.14 after the company said it has entered into agreements with certain (LOL) institutional investors to buy 4.6 million common shares at $2.40 a share in a registered direct offering.
The biotechnology company said it expects to see proceeds of $11 million , before payment of commissions and expenses.
In a concurrent private placement, for each share bought by an investor, that investor will receive an unregistered warrant to purchase one share. The warrants have an exercise price of $2.53 a share, and are exercisable for a five-year period beginning six months from the date of issuance.
Aditxt said it plans to use the proceeds from this offering to fund a $6.5 million loan to a biopharmaceutical company commercializing Covid-19 antiviral oral therapy, and for general corporate and working capital purposes, including the purchase of fixed assets.