Summary by Moomoo AI
Aditxt, Inc. has updated its prospectus supplement related to the resale of up to 3,750,000 shares of common stock to Seven Knots, LLC under a previously established purchase agreement. The supplement, filed on October 7, 2024, follows a reverse stock split that became effective on October 1, 2024, and includes updated information post-split. The agreement with Seven Knots, which was entered into on May 2, 2024, allows Aditxt to direct Seven Knots to purchase shares of its common stock up to a total maximum aggregate purchase price of $150 million. The shares may be sold to Seven Knots at Aditxt's discretion, subject to certain conditions, and Seven Knots may then resell these shares to the public. The prospectus supplement also outlines the terms of a Registration...Show More
