NorthWest Biotherapeutics Inc (NWBO)

[GermanCol]

VikingInvest, I think all the 885K preferred shares outstanding are C shares. So they have issued around 600,000 more shares convertible to 15,000,000 common stock from July 20th until now. Look at the following statements on last 10Q together with the number of outstanding preferred reported in the S-3:

On July 20, 2022, the Company filed a Certificate of Elimination with the Secretary of State of the State of Delaware with respect to the Company’s Series A Preferred Stock and Series B Preferred Stock pursuant to which both series were eliminated and returned to the status of authorized and unissued preferred shares of the Company, as there are no Series A or Series B Preferred shares outstanding.

During July 2022, the Company entered into various Subscription Agreements (the “Series C Subscription Agreements”) with certain investors
(the “Series C Investors”). Pursuant to the Series C Subscription Agreements, the Company is issuing to the Series C Investors an aggregate of 299,858 shares of the Company’s Series C Convertible Preferred Stock, par value $0.001 per share (the “Series C Shares”), at a purchase price between $15.75 and $16.00 per share for gross proceeds of approximately $4.7 million. Pursuant to some of the Series C Subscription Agreements, the Company also made approximately $2.0 million partial debt repayment. The Company received approximately $2.7 million net
proceeds from the July financing.

I just hope all this is coming to an end.