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Stock impact report

PAVmed Announces Temporary Offer Allowing Warrants to Be Exercised at a Reduced Price

PAVmed Inc. (PAVM) 
US:NASDAQ Investor Relations: ir.pavm.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- PAVmed Inc. (Nasdaq: PAVM, PAVMW) (the “Company”), a highly differentiated, multiproduct medical device company, today announced that it intends to temporarily reduce the exercise price of the Company’s outstanding Series W Warrants (Nasdaq: PAVMW, the “Warrants”) to $2.50 per share. The Company intends to file tender offer materials (the “Offer”) providing the holders of certain warrants the opportunity to exercise their warrants at the temporarily reduced cash exercise price. Each of the Company’s outstanding Warrants is currently exercisable for one share of PAVmed Common Stock (the “Common Stock”) at an exercise price of $5.00 per share. Pursuant to the Offer, the Warrants will be temporarily exercisable at an exercise price of $2.50 per share, or 50% of the current exercise price. Specifically, each holder of Series W Warrants (the “Warrants”) will be entitled to receive Show less Read more
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