Precision Therapeutics Receives $1,370,000 Investment from CEO and Director, Carl Schwartz
PRECISION THERAPEUTICS INC COMMON (AIPT)
US:NASDAQ Investor Relations:
investors.skylinemedical.com/investor-relations
Company Research
Source: GlobeNewswire
MINNEAPOLIS, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Precision Therapeutics Inc. (NASDAQ: AIPT) (“Precision” or “the Company”) today announced that its chief executive officer and director, Carl Schwartz, has made an additional investment of $1,000,000 in the Company, effective January 8, 2019. Of this investment, $950,000 was a loan under an amended and restated promissory note, which now covers advances of $1,320,000, including a previous loan Dr. Schwartz made in November 2018. He also purchased 78,125 shares of the Company’s common stock in a private investment for $50,000, representing a price of $0.64 per share. As part of the investment, which is detailed in a Form 8-K filed with the United States Securities and Exchange Commission on January 14, 2019, Mr. Schwartz also received additional warrants to purchase Company common stock. In addition, Dr. Schwartz, since assuming the role of CEO, has elected to take his salary in the form of stock options, rather than cash, which furthe
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