AIM ImmunoTech Inc. - AIM STOCK NEWS

The Kellner Group, AIM Immunotech's largest stockholder, urges shareholders to vote using the GOLD proxy card to elect new board members, citing serious concerns about the incumbent board's conduct. The Delaware Supreme Court ruled that the board breached its fiduciary duties by adopting inequitable bylaws to maintain control. The group estimates the board spent $15-20 million in litigation to prevent meaningful director elections, contributing to a 99+% stock price decline. The Kellner Group nominees - Ted Kellner, Todd Deutsch, Robert Chioini, and Paul Sweeney - promise to bring needed change to address increasing losses, excessive spending, and poor governance.

AIM ImmunoTech announced the publication of data from Roswell Park Comprehensive Cancer Center's Phase 1 study evaluating Ampligen® as part of a chemokine-modulating regimen in early-stage triple-negative breast cancer (TNBC). The study results, published in The Journal for ImmunoTherapy of Cancer, showed that the Ampligen-containing regimen can modify the tumor microenvironment and release cytokines that attract killer T-cells into early-stage TNBC tumors. Study principal investigator Dr. Shipra Gandhi noted the promising results while emphasizing the need for validation in a larger study.

AIM ImmunoTech (NYSE American: AIM) reported its Q3 2024 financial results, highlighting progress in Ampligen® clinical development programs, particularly in pancreatic cancer treatment. The company reported cash and equivalents of $7.2 million, with reduced quarterly losses of $3.7 million ($0.06 per share) compared to $7.8 million ($0.16 per share) in Q3 2023. R&D expenses decreased to $1.4 million from $2.7 million, while G&A expenses reduced to $3.1 million from $5.4 million year-over-year. Key developments include positive preliminary data in pancreatic cancer studies, progress in Long-COVID research, and a new U.S. patent for Ampligen in endometriosis treatment.

The Kellner Group, AIM Immunotech's largest stockholder, is urging shareholders to vote for board changes using the gold proxy card. The Delaware Supreme Court ruled that the incumbent board breached fiduciary duties by adopting bylaws in 2023 to interfere with Kellner's nomination notice. The group estimates the board spent $15-20 million in the past two years fighting stockholder efforts for change. Under current leadership, AIM's stock price has declined over 99%, and its financial condition has deteriorated significantly. The Kellner Group nominees - Ted Kellner, Todd Deutsch, Robert L. Chioini, and Paul Sweeney - promise to bring new skills and experience to improve company performance.

AIM ImmunoTech (NYSE American: AIM) has scheduled a conference call and webcast for November 15, 2024, at 8:30 AM ET to discuss their third quarter 2024 operational and financial results. The event will be led by CEO Thomas K. Equels and Scientific Officer Christopher McAleer, PhD. Investors can join by dialing (877) 407-9219 (domestic) or (201) 689-8852 (international). The webcast will be available on the company's website and archived for 90 days.

AIM ImmunoTech has filed its definitive proxy statement for the 2024 Annual Meeting, warning shareholders about an activist group's attempt to take control of the Board. The company highlights its progress with Ampligen in clinical trials, particularly in pancreatic cancer treatment. The activist group, which includes individuals with ties to securities law felons, aims to replace the entire four-member Board and seeks reimbursement of over $5 million in expenses. AIM urges shareholders to vote 'FOR' all four incumbent Board candidates to protect the company's momentum and prevent potential disruption to ongoing clinical trials.

AIM ImmunoTech Inc. (NYSE American: AIM) has announced its participation in the 2024 Healthcare Virtual Summit, presented by Maxim Group The company's CEO, Tom Equels, will engage in a fireside chat on Wednesday, October 16th at 12:30 PM ET.

The summit will feature a series of presentations and interactive discussions with CEOs and key management from various healthcare sectors, including biotechnology, diagnostics, medical devices, and healthcare information technology. Maxim Senior Analysts will host these sessions and plan to conduct several topical industry panels.

To attend the virtual event, interested parties need to sign up for M-Vest membership. The company encourages participants to reserve their seats through the provided link.

AIM ImmunoTech Inc. (NYSE American: AIM) has been granted U.S. patent No. 12,102,649 for using Ampligen® to treat endometriosis, a condition affecting nearly 10% of reproductive-age women. The patent covers compositions and methods using AIM's double-stranded RNA products for treating endometriosis, including recurrent cases. It also includes options for co-administration with interferons.

Endometriosis, affecting approximately 6.5 million women in the U.S., causes severe pelvic pain and fertility issues. The patented treatment offers flexible administration options for patient-specific care. Dr. Robert Edwards, Chair of Ob/Gyn/RS at UPMC, noted that a medical therapy relieving symptoms and reducing inflammation would be a significant breakthrough. AIM's CEO, Thomas K. Equels, stated that this patent strengthens their intellectual property portfolio and expands their potential to provide life-changing therapies for women with endometriosis.

AIM ImmunoTech Inc. (NYSE American: AIM) has announced a $1.26 million registered direct offering of common stock and a concurrent private placement of warrants. The company will sell 4,653,036 shares at $0.27 per share to a single institutional investor. Additionally, AIM will issue unregistered Class C and Class D warrants to purchase up to 4,653,036 shares each, with an exercise price of $0.28. The Class C warrants expire 18 months after the initial exercise date, while Class D warrants expire after 5 years. Maxim Group is acting as the sole placement agent. The offering is made under a shelf registration statement, and a prospectus supplement will be filed with the SEC.