Aditxt Announces Proposed Public Offering of Common Stock and Warrants

Rhea-AI Summary

Aditxt, Inc. (NASDAQ: ADTX) has announced an underwritten public offering of common stock and warrants. Dawson James Securities, Inc. will serve as the sole book-running manager for this offering. The offering is made under an effective shelf registration statement filed with the SEC. A prospectus supplement will be filed with the SEC and available online. Aditxt focuses on technologies aimed at enhancing immune system health through monitoring and reprogramming.

Positive

• Underwritten public offering could raise capital for business development.
• Focus on immune system health aligns with growing healthcare trends.

Negative

• Dilution risk for existing shareholders due to new stock issuance.

RICHMOND, Va.--(BUSINESS WIRE)-- Aditxt, Inc. (“Aditxt”) (Nasdaq: ADTX), a biotech innovation company with a mission to improve the health of the immune system, announced today the launch of an underwritten public offering.

Dawson James Securities, Inc. is acting as sole book-running manager for the offering.

The proposed offering of the common stock and warrants described above is being made pursuant to an effective “shelf” registration statement on Form S-3 (File No. 333-257645), that was previously filed with the Securities and Exchange Commission ("SEC") and declared effective by the SEC on July 13, 2021, and the base prospectus contained therein. Such shares of common stock and warrants may be offered only by means of a prospectus, including a prospectus supplement.

A prospectus supplement and accompanying prospectus related to the offering of common stock will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the offering of common stock and warrants may be obtained, when available, by contacting Dawson James Securities, Inc., Attention: Prospectus Department, 101 North Federal Highway, Suite 600, Boca Raton, FL, 33432, cwachowiz@dawsonjames.com or toll free at 866.928.0928.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Aditxt

Aditxt is developing technologies specifically focused on improving the health of the immune system through immune monitoring and reprogramming. Aditxt's immune monitoring technology is designed to provide a personalized comprehensive profile of the immune system. Aditxt's immune reprogramming technology is currently at the pre-clinical stage and is designed to retrain the immune system to induce tolerance with an objective of addressing rejection of transplanted organs, autoimmune diseases, and allergies. For more information, please visit: www.aditxt.com.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements in this press release include, without limitation, the ability of the Company to close the offering. Forward-looking statements include statements regarding the Company's intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things, the Company's ongoing and planned product and business development; the Company's intellectual property position; the Company's ability to develop commercial functions; expectations regarding product launch and revenue; the Company's results of operations, cash needs, spending, financial condition, liquidity, prospects, growth and strategies; the industry in which the Company operates; and the trends that may affect the industry or the Company. Forward-looking statements are not guarantees of future performance and actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, as well as those risks more fully discussed in the section titled "Risk Factors" in the Company's most recent Annual Report on Form 10-K, as well as discussions of potential risks, uncertainties, and other important factors in the Company's other filings with the Securities and Exchange Commission. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211130006156/en/

Aditxt, Inc.

ir@aditxt.com

Source: Aditxt, Inc.

FAQ

What is the purpose of Aditxt's recent stock offering?

The offering aims to raise capital to support the company's business development.

Who is managing the public offering for Aditxt?

Dawson James Securities, Inc. is the sole book-running manager for the offering.

How will Aditxt's stock offering impact existing shareholders?

The issuance of new shares may lead to dilution of existing shareholders' equity.

What kind of securities is Aditxt offering?

Aditxt is offering common stock and warrants in the public offering.

Where can I find more information about Aditxt's offering?

More information will be available in the prospectus supplement filed with the SEC.