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Rakovina Therapeutics Announces Intention to Amend Debentures and Warrants
Globenewswire· 2025-07-01 02:03
Core Viewpoint - Rakovina Therapeutics Inc. plans to amend the terms of its outstanding convertible debentures and warrants, subject to approval from the TSX Venture Exchange and the requisite majority of holders [1][3]. Convertible Debenture Amendments - The company intends to amend its 12.0% unsecured convertible debentures with an outstanding aggregate principal amount of $1,454,000, issued on May 29, 2023 [2][3]. - Proposed amendments include extending the maturity date from November 29, 2025, to June 6, 2028, reducing the conversion price from $2.00 to $1.00 per common share, eliminating any redemption premium, and stipulating that interest accrued will be payable on the maturity date [7]. Warrant Amendments - The company plans to amend the terms of 19,200,000 outstanding common share purchase warrants, which were issued in a private placement between June 26, 2024, and July 26, 2024 [5][6]. - Proposed changes include reducing the exercise price from $2.00 to $0.75 per common share and shortening the term from three years to thirty days from the date of Exchange approval [6]. Related Party Transactions - Certain directors of the company hold a principal amount of $100,000 in convertible debentures, representing approximately 6.9% of the outstanding amount, which qualifies as a related party transaction [4]. - Director Jeffrey Bacha holds 100,000 warrants, approximately 0.5% of the outstanding warrants, also constituting a related party transaction [8]. Company Overview - Rakovina Therapeutics is a biopharmaceutical research company focused on developing innovative cancer treatments using unique technologies for targeting the DNA-damage response, powered by artificial intelligence [10].
ElevateBio CEO Ger Brophy on AWS partnership for AI technology
CNBC Television· 2025-06-12 17:00
So what most people realize is, you know, there's amazing cell and gene therapies coming through in the market at the moment and they're done and actuated in different ways. Uh crisper gene editing is a way in which you can make very precise edits to a patient's DNA. And what that allows you to do is identify new targets, but also to correct some diseases, more importantly expand the number of treatable diseases.And we're working with our partners. We've built the world's most powerful crisper gene editing ...
Why Recursion Pharmaceuticals Stock Was Getting Mashed on Monday
The Motley Fool· 2025-05-05 19:02
Recursion Pharmaceuticals (RXRX -15.70%) didn't have a fine start to the working week on Monday, at least as far as its stock was concerned. Investors traded out of it following the clinical-stage biotech's first-quarter earnings release and business update, and the share price was down by 15% in mid-session trading. The S&P 500 index was doing comparatively better, with a 0.3% decline. Light revenue and a deepening net lossFor the quarter, Recursion -- which although a clinical-stage company earns some coi ...
Jazz Pharmaceuticals to Participate in the BofA Securities 2025 Healthcare Conference
Prnewswire· 2025-04-30 20:15
DUBLIN, April 30, 2025 /PRNewswire/ -- Jazz Pharmaceuticals plc (Nasdaq: JAZZ) today announced that the Company will participate in the BofA Securities 2025 Healthcare Conference. Company management will participate in a fireside chat on Wednesday, May 14, 2025, at 10:00 a.m. PT / 1:00 p.m. ET / 6:00 p.m. IST.An audio webcast of the fireside chat will be available via the Investors section of the Jazz Pharmaceuticals website at https://investor.jazzpharma.com/investors/events-presentations. A replay of the ...