Indaptus Therapeutics FY2025 annual report published; net loss widens to $21 million

Reuters03-27
Indaptus <a href="https://laohu8.com/S/LENZ">Therapeutics</a> FY2025 annual report published; net loss widens to $21 million
  • Indaptus said it is evaluating strategic options for a post-investment transaction involving an investment in or acquisition of an operating business.
  • David Lazar invested USD 6.0 million through purchases of Series AA and Series AAA preferred stock, and the preferred stock is convertible into 111,000,000 shares of common stock.
  • A special stockholder meeting approved increasing authorized common shares to 1,000,000,000 and approved a reverse stock split range to be set by the board.
  • The company ended enrollment in its Decoy20 monotherapy dosing and later discontinued enrollment in the Decoy20 combination study with BeOne’s anti-PD-1 antibody tislelizumab, with no participants remaining.
  • Indaptus reported a warrant repricing that reduced exercise prices on certain warrants to USD 1.75.


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