Protagenic Therapeutics Settles Delaware Chancery Litigation and Unwinds Phytanix Deal

Reuters02-24

Protagenic <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Settles <a href="https://laohu8.com/S/VMM">Delaware</a> Chancery Litigation and Unwinds Phytanix Deal

Protagenic Therapeutics Inc. has entered into a settlement agreement to resolve a Delaware Court of Chancery lawsuit, Protagenic Therapeutics, Inc. v. Alterola Biotech Inc., et al. The settlement provides for dismissal of the case and unwinds the company’s May 2025 share exchange that had made it the owner of Phytanix Bio, with the former Phytanix stockholders returning PTIX shares and re-acquiring full ownership of Phytanix Bio. Protagenic also agreed to pay Phytanix Bio $300,000 at closing and an additional $10,000 after receiving specified financial information.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Protagenic Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-007800), on February 24, 2026, and is solely responsible for the information contained therein.

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