Precision Therapeutics Extends Exchange Offer for Helomics Notes and Warrants
PRECISION THERAPEUTICS INC COMMON (AIPT)
US:NASDAQ Investor Relations:
investors.skylinemedical.com/investor-relations
Company Research
Source: GlobeNewswire
MINNEAPOLIS, March 14, 2019 (GLOBE NEWSWIRE) -- Precision Therapeutics Inc. (AIPT) (“Precision” or “the Company”) today announced the extension of its previously announced offer (the “Exchange Offer”) to holders of certain promissory notes (the “Helomics Notes Payable”) of Helomics Holding Corporation (“Helomics”) and warrants to purchase Helomics common stock (the “Helomics Warrants”), to exchange (a) such Helomics Notes Payable in exchange for one share of Common Stock, par value $0.01 (“Common Stock”), of Precision, for each $1.00 of principal and accrued and unpaid interest, calculated as of the Effective Time of Precision’s merger with Helomics, and (b) such Helomics Warrants in exchange for a warrant to purchase shares of Common Stock at an exercise price of $1.00 per share (a “Precision Warrant”), at a ratio of 0.6 Precision Warrants for each 1.0 Helomics Warrant. The Exchange Offer has been extended until 11:59 p.m., Eastern time, on March 22, 2019, unless further extended
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