Nuo Therapeutics Inc.

06/27/2024 | Press release | Distributed by Public on 06/27/2024 14:16

Material Event Form 8 K

Item 8.01 Other Events.
On June 27, 2024, Pacific Medical, Inc, ("Pac Medical") fully exercised a Common Stock Purchase Warrant (the "Warrant') previously issued by Nuo Therapeutics, Inc. ("Nuo") on January 1, 2024 in accordance with a Common Stock and Warrant Purchase Agreement dated August 24, 2022 (the "Agreement"). Pac Medical exercised a portion of the Warrant for the issuance of 270,000 shares of Nuo common stock, par value $0.0001 per share (the "Common Stock") at an exercise price of $0.56 per share for proceeds of $151,200 to Nuo. Pac Medical also exercised the remaining portion of the Warrant representing 230,000 shares of Common Stock on a cashless basis for the issuance of 86,889 shares of Common Stock. As a result, an aggregate of 356,889 shares of Common Stock were issued to Pac Medical.
The Warrant and the Agreement were described in and included as exhibits to a Current Report on Form 8-K filed by Nuo on August 30, 2022 and the most recent Annual Report on Form 10-K filed by Nuo on April 19, 2024.
As a result of the Warrant exercise, the number of shares of Common Stock outstanding is 45,466,238.