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Re: None

Thursday, 11/10/2022 2:27:32 AM

Thursday, November 10, 2022 2:27:32 AM

Post# of 703844
Again some interesting language used in rationalizing the change from 'C' shares to 'Mezzanine equity' IMO the 'liquidation event' could very easily be referring to an acquisition or buyout.

"The Company determined that the Series C Shares contain contingent redemption provisions allowing redemption by the holder upon certain defined events (“deemed liquidation events”). As the event that may trigger the redemption of the Series C Shares is not solely within the Company’s control, the Series C Shares are classified as mezzanine equity (temporary equity) in the Company’s consolidated balance sheets"

https://www.sec.gov/ix?doc=/Archives/edgar/data/1072379/000141057822003073/nwbo-20220930x10q.htm
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