AIM ImmunoTech(AIM)
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AIM ImmunoTech Announces NYSE American Removal of Trading Suspension
Globenewswire· 2025-06-12 12:00
Core Viewpoint - AIM ImmunoTech Inc. has announced the withdrawal of its delisting determination by NYSE Regulation, allowing its common stock to resume trading on the NYSE American starting June 17, 2025 [1] Company Overview - AIM ImmunoTech Inc. is an immuno-pharma company focused on developing therapeutics for various cancers, immune disorders, and viral diseases, including COVID-19 [2] - The company's lead product is Ampligen (rintatolimod), a first-in-class investigational drug that acts as a dsRNA and highly selective TLR3 agonist immuno-modulator, showing broad-spectrum activity in clinical trials [2]
AIM ImmunoTech Announces 1-for-100 Reverse Stock Split
GlobeNewswire News Room· 2025-06-11 20:15
Group 1 - AIM ImmunoTech Inc. announced a reverse stock split at a ratio of 1-for-100, effective June 12, 2025 [1] - The primary goal of the reverse stock split is to increase the per-share market price to regain compliance with NYSE American's Listing Qualifications [2] - Stockholders approved the reverse stock split at a Special Meeting on April 30, 2025, and will receive cash for any fractional shares post-split [3] Group 2 - AIM ImmunoTech Inc. focuses on the research and development of therapeutics for cancers, immune disorders, and viral diseases, including COVID-19 [4] - The company's lead product is Ampligen® (rintatolimod), an investigational drug with broad-spectrum activity in clinical trials [4]
娛樂無國界:AI-Media 與 Lightning International 攜手推動 FAST 頻道普及化
Globenewswire· 2025-05-24 00:18
Core Insights - AI-Media Technologies Limited has formed a groundbreaking partnership with Lightning International to enhance accessibility and monetization opportunities for FAST platforms globally [1][2][3] Group 1: Partnership Overview - The collaboration aims to break barriers and bring engaging entertainment to audiences worldwide while transforming the distribution and monetization of premium content in diverse markets [1] - AI-Media's solutions, LEXI and LEXI Translate, enable real-time localization and embedding of subtitles in over 50 languages, expanding audience reach beyond English-speaking markets [2][3] Group 2: Benefits to FAST Platforms - The partnership addresses key challenges in providing superior localized content to global audiences, allowing viewers to enjoy various genres without language barriers [2] - AI-Media's CEO, Tony Abrahams, emphasized that this collaboration is a game-changer for the FAST industry, helping platforms expand their audience and increase revenue [2] Group 3: Operational Mechanism - AI-Media's Alta and LEXI Translate solutions provide seamless integration of real-time transcription and translation into linear channel content, ensuring an efficient and cost-effective workflow [3] - Lightning International's CEO, James Ross, highlighted that this partnership sets a new standard for localization in the FAST industry, enabling access to diverse content for all viewers [3] Group 4: Company Background - AI-Media, established in 2003, is a global leader in AI-driven real-time speech translation, subtitles, and accessibility solutions, with innovations like LEXI Voice enhancing live content understanding [4][5] - The company's solutions cater to the growing demand for subtitles among millennials and Gen Z, with 87% of viewers finding subtitles helpful for content consumption [4] Group 5: Lightning International Overview - Lightning International focuses on creating and distributing television channels and programs, having launched over 15 FAST channels available on multiple platforms globally [6] - The company has been a member of AsiaSat since 2023, enhancing its capabilities in the content distribution landscape [6]
AI-Media Showcases Translation Innovation with LEXI Voice at KOBA and Broadcast Asia 2025
Globenewswire· 2025-05-16 02:10
Core Insights - AI-Media is participating in two major industry events in Asia: KOBA 2025 in Seoul and Broadcast Asia 2025 in Singapore, showcasing its AI-powered language solutions [1][2][3] Group 1: Company Innovations - AI-Media is introducing LEXI Voice, a real-time multilingual voice translation technology that allows broadcasters and event producers to engage diverse audiences without the need for human interpretation, offering translation into over 100 languages [4][7] - LEXI Voice can reduce live translation costs by up to 90%, making multilingual delivery commercially viable for many customers [5][7] - The company’s technology will provide live captions at Broadcast Asia 2025, ensuring accessibility for global audiences [3][6] Group 2: Market Engagement - AI-Media is collaborating with BS Systems at KOBA 2025 to demonstrate advancements in AI captioning and multilingual translation technology [2][4] - The company aims to empower broadcasters and content creators across Asia by showcasing its solutions that enhance global accessibility and engagement [2][7] - AI-Media's end-to-end ecosystem, including products like iCap, LEXI, and Encoder Pro, is designed to deliver unmatched automation and scalability, replacing legacy human workflows [8]
AIM ImmunoTech(AIM) - 2025 Q1 - Quarterly Report
2025-05-15 20:45
Financial Performance - Net loss for Q1 2025 was approximately $3,705,000, a decrease of 36% from a net loss of $5,817,000 in Q1 2024[217]. - Revenues from the Ampligen® Cost Recovery Program decreased to $16,000 in Q1 2025 from $40,000 in Q1 2024, a decline of $24,000[218]. - Research and Development costs decreased to approximately $1,080,000 in Q1 2025 from $1,951,000 in Q1 2024, reflecting a reduction of approximately $871,000[222]. - General and Administrative expenses decreased to approximately $2,545,000 in Q1 2025 from $3,815,000 in Q1 2024, a decrease of approximately $1,270,000[224]. - Cash used in operating activities decreased to approximately $2,361,000 in Q1 2025 from $4,815,000 in Q1 2024, a reduction of $2,454,000[226]. Cash and Equity Position - As of March 31, 2025, the company had approximately $2,247,000 in cash and cash equivalents, a decrease of approximately $1,730,000 from December 31, 2024[229]. - Stockholders' equity was below the minimum requirements for continued listing on the NYSE American, with a deficit of approximately $3.9 million as of March 31, 2025[237]. Securities and Offerings - The company filed a Universal Shelf Registration Statement to register the offering of up to $100,000,000 of various securities, which has not yet been declared effective[242]. - An Equity Distribution Agreement was entered into with Maxim Group LLC to issue and sell up to $3,000,000 of common stock under the Registration Statement[243]. - The company has entered into a Purchase Agreement with Atlas Sciences, LLC, committing to purchase up to $15 million of common stock over a 24-month period[254]. - As of March 31, 2025, a total of 3,082,961 shares have been issued under the Purchase Agreement for approximately $398,000 after clearing costs[264]. - The company issued 5,640,958 shares of common stock and Class A and B common warrants to a single accredited investor, with an exercise price of $0.363 per share[265]. - The company received aggregate gross proceeds of approximately $1.26 million from the issuance of 4,653,036 shares and associated warrants in a registered direct offering[272]. - The company has agreed to pay Maxim a commission of 3.0% on the aggregate gross proceeds from each sale of common stock under the Sales Agreement[246]. - The total estimated expenses for the offering, excluding compensation to Maxim, will be approximately $54,000[246]. - The company cannot sell shares below the Minimum Price that would represent more than 19.99% of the outstanding shares without stockholder approval[258]. - The initial commitment fee to Atlas was paid through the issuance of 338,600 shares of common stock, equal to 1.0% of the Commitment Amount[260]. - The Common Warrants issued in the Transactions are classified as equity within the consolidated financial statements, with proceeds allocated totaling approximately $2.5 million[270]. - The registration statement for the resale of shares issued under the Purchase Agreement was declared effective on May 1, 2024[255].
AIM ImmunoTech Announces the Presentation of Ampligen Oncology Data at the Recent Annual Meeting of the American Association of Immunologists
Globenewswire· 2025-05-08 12:45
Core Insights - AIM ImmunoTech Inc. presented clinical trial data for its drug Ampligen at the Annual Meeting of the American Association of Immunologists, highlighting its potential in treating cancers and immune disorders [1][2]. Company Overview - AIM ImmunoTech Inc. is focused on developing therapeutics for various cancers, immune disorders, and viral diseases, including COVID-19. Its lead product, Ampligen (rintatolimod), is a first-in-class investigational drug that acts as a highly selective TLR3 agonist [3]. Clinical Data Presentation - The presentation by Dr. Pawel Kalinski discussed the unique selectivity of Ampligen in promoting CTL (cytotoxic T lymphocyte) influx into the tumor microenvironment (TME) while avoiding Treg (regulatory T cell) attraction. This selectivity differentiates Ampligen from other treatments like poly-I:C [2]. - Mechanistic data indicated that Ampligen's selectivity is due to its avoidance of helicase-dependent activation of NFkB, which prevents the induction of undesirable inflammatory factors while focusing on tumor tissues [2]. CEO Commentary - The CEO of AIM ImmunoTech expressed confidence in Ampligen's potential as a therapeutic option for unmet medical needs, particularly in the context of deadly cancers [3].
AIM ImmunoTech Announces Trading Under the Ticker AIMI on the Pink Open Market
Globenewswire· 2025-04-07 17:26
Company Overview - AIM ImmunoTech Inc. is an immuno-pharma company focused on the research and development of therapeutics for various cancers, immune disorders, and viral diseases, including COVID-19 [3] - The company's lead product is Ampligen® (rintatolimod), a first-in-class investigational drug that acts as a dsRNA and highly selective TLR3 agonist immuno-modulator, showing broad spectrum activity in clinical trials [3] Recent Developments - As of April 7, 2025, AIM's common stock is trading under the ticker AIMI on the Pink Open Market [1] - A special meeting regarding a reverse stock split is scheduled for April 30, 2025 [1] - Additional information can be found in AIM's Definitive Proxy Statement filed on April 2, 2025 [2]
AIM ImmunoTech(AIM) - 2024 Q4 - Earnings Call Transcript
2025-04-01 12:30
Financial Data and Key Metrics Changes - As of December 31, 2024, the company had approximately $4 million in cash, cash equivalents, and marketable securities [20] - Research and development expenses for the year ended December 31, 2024, were $6.2 million, a decrease from $10.9 million for the year ended December 31, 2023 [21] - General and administrative expenses for the year ended December 31, 2024, were $13.7 million, down from $21.1 million for the year ended December 31, 2023 [21] Business Line Data and Key Metrics Changes - The company is advancing multiple clinical programs, including a Phase 2 trial for pancreatic cancer and a Phase 2 study for advanced ovarian cancer, both of which are nearing completion [14][15] - The AMP518 study for post-COVID conditions has been completed, and a follow-up study is being planned [18] Market Data and Key Metrics Changes - The company is actively evaluating options to maintain compliance with the New York Stock Exchange American listing requirements, including a potential reverse stock split [22][24] Company Strategy and Development Direction - The company is focused on advancing Ampligen across multiple areas of significant medical need, including collaborations with AstraZeneca and the University of Alabama Birmingham Medical Center [8][10] - The addition of experienced board members is expected to strengthen the company's leadership and strategic execution [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing clinical trials and the potential of Ampligen to address high medical needs [19] - The company is committed to maintaining its NYSE listing, which is seen as essential for long-term success and access to capital [22] Other Important Information - The company has been granted new patents for the treatment of endometriosis and for addressing post-COVID fatigue, expanding its intellectual property estate [12] Q&A Session Summary Question: Does the company have adequate supply of Ampligen for clinical trials this year? - Management confirmed that there is a budget tied to ongoing clinical activities to ensure sufficient supply for current trials, and they do not anticipate issues unless unforeseen circumstances arise [28][30] Question: How easy would it be to obtain new supply of Ampligen? - Management indicated that while future clinical trials will require additional manufacturing of Ampligen, they are actively analyzing the process and working with manufacturers to ensure supply [30][31]
LEXI Voice is Coming: AI-Media Releases Groundbreaking AI Voice Translation at NAB 2025
Globenewswire· 2025-03-27 16:43
Core Insights - AI-Media is launching LEXI Voice, a next-generation AI voice translation technology, at NAB Show 2025, aimed at breaking language barriers in real time [2][8] - The technology is built on AI-Media's existing LEXI captions, known for their accuracy and scalability, and offers low-latency translations of live audio into multiple languages [2][3] - LEXI Voice integrates seamlessly into existing broadcast workflows and is compatible with AI-Media's other devices, providing a cost-effective alternative to traditional voiceover methods [2][3] Company Overview - AI-Media, founded in Australia in 2003, specializes in AI language and captioning workflow solutions, providing high-quality live and recorded captioning and translation technology [5] - The company has a strong reputation for pioneering AI-driven solutions and aims to enhance audience engagement for broadcasters and content creators [3][5] - AI-Media commenced trading on the ASX on September 15, 2020, and has been recognized for the superiority of its AI captioning product over traditional human workflows [5] Event Details - The NAB Show 2025 will take place in Las Vegas from April 6-9, where AI-Media will showcase its latest innovations at Booth W1915 [1][8] - Attendees will have the opportunity to experience live demonstrations of LEXI Voice and other AI-Media solutions [4] - AI-Media's solutions will also be featured at partner booths, including AWS and Synamedia, highlighting their collaborative efforts in the industry [4]
AIM ImmunoTech Reports Fourth Quarter and Full Year 2024 Financial Results and Provides Corporate Update
Globenewswire· 2025-03-27 12:05
Core Insights - AIM ImmunoTech Inc. is advancing its clinical development programs, particularly in high-value areas such as pancreatic cancer, with significant milestones expected in the next 18 months [1][2] Financial Highlights - As of December 31, 2024, AIM reported cash, cash equivalents, and marketable investments of $4.0 million, a decrease from $13.1 million as of December 31, 2023 [16] - Research and development expenses for the year ended December 31, 2024, were $6.2 million, down from $10.9 million in 2023 [16] - General and administrative expenses for the year ended December 31, 2024, were $13.7 million, compared to $21.1 million in 2023 [16] Upcoming Milestones - In the area of metastatic pancreatic ductal adenocarcinoma, a Phase 1b/2 trial combining Ampligen with AstraZeneca's Durvalumab is expected to enroll the last patient by Q2/Q3 2026 [4] - For refractory melanoma, a Phase 2 trial involving Ampligen is underway, with plans to study Ampligen in combination with AstraZeneca's FluMist as an intranasal vaccine for influenza [5] - A Phase 1/2a study for stage 4 triple-negative breast cancer is expected to complete enrollment by Q2 2026 [7] - In advanced recurrent ovarian cancer, a Phase 2 study is set to complete in H1 2025 [8] Company Overview - AIM ImmunoTech Inc. focuses on developing therapeutics for various cancers, immune disorders, and viral diseases, with its lead product being Ampligen, a first-in-class investigational drug [13]