Ainos Concludes Growth Financing From Lind Partners
Ainos, Inc. (NASDAQ:AIMD) has prepaid its remaining convertible note financing with Lind Global Fund II LP, totaling approximately $1.67 million. The company, focused on AI-powered point-of-care testing and low-dose interferon therapeutics, maintains a robust financial runway of over 12 months after the prepayment. Ainos has recently enrolled its first subject for VELDONA®-based animal drug in treating FCGS and is developing the next-gen Ainos Flora powered by AI Nose, implementing NVIDIA CUDA. The company's CEO, Chun-Hsien Tsai, expressed gratitude for The Lind Partners' financial support and reaffirmed Ainos' commitment to building shareholder value.
Ainos, Inc. (NASDAQ:AIMD) ha rimborsato il suo finanziamento residuo tramite note convertibili con Lind Global Fund II LP, per un totale di circa 1,67 milioni di dollari. L'azienda, concentrata su test diagnostici al punto di cura basati su AI e terapie a basso dosaggio di interferone, mantiene una solida liquidità finanziaria per oltre 12 mesi dopo il rimborso. Recentemente Ainos ha reclutato il suo primo soggetto per un farmaco animale basato su VELDONA® per il trattamento della FCGS e sta sviluppando il prossimo Ainos Flora alimentato da AI Nose, implementando NVIDIA CUDA. Il CEO dell'azienda, Chun-Hsien Tsai, ha espresso gratitudine per il supporto finanziario di The Lind Partners e ha riaffermato l'impegno di Ainos nel creare valore per gli azionisti.
Ainos, Inc. (NASDAQ:AIMD) ha prepagado su financiamiento restante de notas convertibles con Lind Global Fund II LP, por un total de aproximadamente 1,67 millones de dólares. La compañía, enfocada en pruebas diagnósticas en el punto de atención impulsadas por IA y terapias de interferón a baja dosis, mantiene una sólida capacidad financiera para más de 12 meses después del prepago. Ainos ha inscrito a su primer sujeto para un medicamento veterinario basado en VELDONA® para tratar la FCGS y está desarrollando el Ainos Flora de próxima generación impulsado por AI Nose, implementando NVIDIA CUDA. El CEO de la compañía, Chun-Hsien Tsai, expresó su gratitud por el apoyo financiero de The Lind Partners y reafirmó el compromiso de Ainos de construir valor para los accionistas.
Ainos, Inc. (NASDAQ:AIMD)는 Lind Global Fund II LP와의 전환사채 잔여금융을 선불로 지급하였습니다, 총 약 167만 달러에 달합니다. AI 기반의 즉각 진단 테스트와 저용량 인터페론 치료제를 개발하는 이 회사는 선불 후 12개월 이상의 안정적인 재무 여력을 유지하고 있습니다. Ainos는 최근 VELDONA® 기반 동물 약물의 첫 번째 대상을 등록하였으며, NVIDIA CUDA를 구현한 AI Nose로 구동되는 차세대 Ainos Flora를 개발 중입니다. 회사의 CEO인 Chun-Hsien Tsai는 The Lind Partners의 재정 지원에 감사의 뜻을 전하며 Ainos의 주주 가치를 구축하겠다는 의지를 재확인하였습니다.
Ainos, Inc. (NASDAQ:AIMD) a prépayé son financement restant par note convertible avec le Lind Global Fund II LP, totalisant environ 1,67 million de dollars. L'entreprise, axée sur les tests au point de soin alimentés par l'IA et les thérapies à faible dose d'interféron, maintient une solide base financière de plus de 12 mois après le prépaiement. Ainos a récemment inscrit son premier sujet pour un médicament vétérinaire basé sur VELDONA® dans le traitement de la FCGS et développe le prochain Ainos Flora alimenté par AI Nose, mettant en œuvre NVIDIA CUDA. Le PDG de l'entreprise, Chun-Hsien Tsai, a exprimé sa gratitude pour le soutien financier de The Lind Partners et a confirmé l'engagement d'Ainos à créer de la valeur pour les actionnaires.
Ainos, Inc. (NASDAQ:AIMD) hat seine verbleibende Finanzierung durch wandelbare Schuldverschreibungen bei Lind Global Fund II LP vorzeitig beglichen, insgesamt rund 1,67 Millionen Dollar. Das Unternehmen, das sich auf KI-gesteuerte Tests zur Patientenversorgung und niedrig dosierte Interferontherapeutika fokussiert, hat nach der Vorabzahlung eine stabile finanzielle Basis von über 12 Monaten. Ainos hat kürzlich sein erstes Studienobjekt für ein auf VELDONA® basierendes Tierarzneimittel zur Behandlung von FCGS eingeschrieben und entwickelt das nächste Ainos Flora, angetrieben von AI Nose, das NVIDIA CUDA implementiert. Der CEO des Unternehmens, Chun-Hsien Tsai, äußerte Dankbarkeit für die finanzielle Unterstützung von The Lind Partners und bekräftigte das Engagement von Ainos, den Shareholder-Wert zu steigern.
- Prepaid remaining convertible note financing of $1.67 million
- Maintains over 12 months of financial runway after prepayment
- Enrolled first subject for VELDONA®-based animal drug trial
- Developing next-gen Ainos Flora powered by AI Nose with NVIDIA CUDA implementation
- Secured $9M growth financing in May
- None.
Insights
Ainos' prepayment of its convertible note to Lind Global Fund II LP is a positive financial move. By clearing this
The company's claim of a 12-month financial runway post-prepayment is encouraging, suggesting stable short-term operations. However, investors should note that Ainos is still in the development stage for its VELDONA and AI Nose technologies, which typically require significant ongoing investment. The
Ainos' focus on AI-powered point-of-care testing (POCT) and low-dose interferon therapeutics (VELDONA) positions it in two promising healthcare sectors. The enrollment of the first subject for VELDONA®-based animal drug in treating Feline Chronic Gingivostomatitis (FCGS) marks a significant milestone in their clinical development pipeline.
The company's work on the next-gen Ainos Flora, leveraging AI Nose technology and NVIDIA CUDA, suggests a commitment to cutting-edge diagnostic tools. However, investors should be aware that the path to FDA approval and market adoption for such innovative technologies can be long and uncertain. The success of these projects will heavily depend on clinical trial outcomes and regulatory approvals, which are yet to be seen.
Maintaining robust financial runway after the prepayment
Reinforcing Ainos' commitment towards building shareholder value
SAN DIEGO, CA / ACCESSWIRE / August 6, 2024 / Ainos, Inc. (NASDAQ:AIMD)(NASDAQ:AIMDW) ("Ainos", or the "Company"), a diversified healthcare company focused on novel AI-powered point-of-care testing ("POCT") and low-dose interferon therapeutics ("VELDONA"), today announced that the Company has prepaid its remaining convertible note financing (the "Note") with Lind Global Fund II LP, an institutional investment fund managed by The Lind Partners (together the "Investor"), through conversions of the Note by the Investor and payments by the Company, which aggregates at a total of approximately US
Chun-Hsien (Eddy) Tsai, Chairman of the Board, President, and CEO of Ainos, commented, "We remain extremely appreciative of the financial support from The Lind Partners, which provided us the growth capital to execute our VELDONA and AI Nose development plans. We recently have enrolled our first subject of VELDONA®-based animal drug in treating FCGS. We are also developing the next-gen Ainos Flora, powered by AI Nose, implementing NVIDIA CUDA. We believe we still have more than 12 months of financial runway after we paid off the Note. Moving forward, we are excited to add strength to our commitment to building shareholder value."
"The Lind Partners are hopeful about the long-term potential of VELDONA and AI Nose technologies Ainos is developing. It has been a constructive relationship with the Company. Eddy and his team have been diligent and responsible throughout our financing journey. We are happy to see the Company secured a
About Ainos, Inc.
Headquartered in San Diego, California, Ainos is a diversified healthcare company focused on novel AI-powered point-of-care testing (POCT) and low-dose interferon therapeutics (VELDONA). The Company's clinical-stage product pipeline includes VELDONA human and animal oral therapeutics, human orphan drugs, and telehealth-friendly POCT solutions powered by its AI Nose technology platform.
The name "Ainos" is a combination of "AI" and "Nose" to reflect the Company's commitment to empowering individuals to manage their health more effectively with next-generation AI-driven POCT solutions. To learn more, visit https://www.ainos.com.
Follow Ainos on X, formerly known as Twitter, (@AinosInc) and LinkedIn to stay up-to-date.
Safe Harbor Statement
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements can be identified by the use of words such as "anticipate," "believe," "estimate," "approximate," "expect," "intend," "plan," "predict," "project," "target," "future," "likely," "strategy," "foresee," "may," "guidance," "potential," "outlook," "forecast," "should," "will" or other similar words or phrases. Similarly, statements that describe the Company's objectives, plans or goals are, or may be, forward-looking statements. Forward-looking statements are based only on the Company's current beliefs, expectations, and assumptions. Forward-looking statements are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. The Company's actual results may differ materially from those indicated in the forward-looking statements.
Important factors that could cause the Company's actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this press release include, among others, the cost of production and sales potential of the products announced in this press release; the Company's dependence on projected revenues from the sale of current or future products ; the Company's limited cash and history of losses; the Company's ability to achieve profitability; the Company's ability to raise additional capital to continue the Company's product development; the ability to accurately predict the future operating results of the Company; the ability to advance Ainos' current or future product candidates through clinical trials, obtain marketing approval and ultimately commercialize any product candidates the Company develops; the ability to obtain and maintain regulatory approval of Ainos' product candidates; delays in completing the development and commercialization of the Company's current and future product candidates, which could result in increased costs to the Company, delay or limit the ability to generate revenue and adversely affect the business, financial condition, results of operations and prospects of the Company; intense competition and rapidly advancing technology in the Company's industry that may outpace its technology; customer demand for the products and services the Company develops; the accuracy of third-party market research data, the impact of competitive or alternative products, technologies and pricing; disruption in research and development facilities; lawsuits and other claims by third parties or investigations by various regulatory agencies governing the Company's operations; potential cybersecurity attacks; increased requirements and costs related to cybersecurity; the Company's ability to realize the benefits of third party licensing agreements; the Company's ability to obtain and maintain intellectual property protection for Ainos product candidates; compliance with applicable laws, regulations and tariffs; continued listing on and compliance with the applicable regulations of the Nasdaq Capital Market; and the Company's success in managing growth. A more complete description of these risk factors and others is included in the "Risk Factors" section of Ainos' Annual Report on Form 10-K for the year ended December 31, 2023, and other public filings with the U.S. Securities and Exchange Commission ("SEC"), many of which risks are beyond the Company's control. In addition to the risks described above and in the Company's filings with the SEC, other unknown or unpredictable factors also could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this press release.
The forward-looking statements made in this press release are expressly qualified in their entirety by the foregoing cautionary statements. Any forward-looking statements contained in this press release represent Ainos' views only as of today and should not be relied upon as representing its views as of any subsequent date. Ainos undertakes no obligation to, and expressly disclaims any such obligation to, publicly update or revise any forward-looking statement to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law.
Investor Relations Contact
Feifei Shen
Email: IR@ainos.com
SOURCE: Ainos, Inc.
View the original press release on accesswire.com
FAQ
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