PASO News Patient Access Solutions Notice to Shareholders
September 17, 2020 18:56 ET | Source: Patient Access Solutions Inc.
Tender Offer Extended an Additional 30 Days
COMMACK, NY, Sept. 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Patient Access Solutions, Inc. (OTC PINK: PASO), a provider of technology and management solutions for the healthcare and financial industries, has amended its filing to keep the previously announced Tender Offer, originally declared in the Press Release made on September 1, 2020, available for an additional 30 days. Therefore the Tender date deadline is now no longer September 18 but rather October 16, 2020 at the close of the business day deemed to be 5:00 p.m. E.S.T.
This choice to extend was made for two primary reasons. The first was due to the overwhelming number of shareholder emails and phone calls showing both concern and frustration over possibly missing the deadline to tender their shares. The Company is very pleased with this exciting initial response from our loyal shareholders that share our long term vision for meaningful success. The Company looks forward to updating our shareholders on other positive related steps and progress made associated with this restructuring in the near future. The second was it came to our attention that the original date simply did not provide ample time for the task of effectuating the Tender Offer process to be completed. This includes our Transfer Agent and all agencies involved in the entire process of shareholder notification, shareholder Tender requests being submitted and delivery of the new shares for those who choose to Tender as well as allotting appropriate time for those same steps for both DTC and the brokerage firms holding shares on the behalf of our shareholders.
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