ADiTx Inc. Updates Merger Agreement with Evofem, Adjusts Equity Investment Dates and Amounts

Reuters08-28
ADiTx Inc. Updates Merger Agreement with Evofem, Adjusts Equity Investment Dates and Amounts

Aditxt, Inc. has announced updates to its merger agreement with Evofem Biosciences, Inc. As per recent amendments, Aditxt will adjust the timing and amounts of its equity investments in Evofem. The Third Parent Equity Investment, originally set at $2 million by September 6, 2024, has been modified to $1.5 million with a new deadline of September 30, 2024. Additionally, the Fourth Parent Equity Investment, initially planned at $1 million by September 30, 2024, has been updated to $1.5 million with a deadline extension to October 31, 2024. These changes follow the merger agreement where Evofem will become a wholly owned subsidiary of Aditxt.

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