Summary by Futu AI
Aditxt, Inc. has issued warrants to purchase common stock at an exercise price of $1.582 per share, subject to adjustments. These warrants become exercisable 6 months and 1 day after issuance and expire 5 years later. A cashless exercise option is available if no registration statement is effective, with shares delivered within 2 trading days.The exercise price and warrant shares adjust for stock splits and dividends, with anti-dilution provisions lowering the exercise price for certain new issuances. A floor price of $0.295 is set prior to stockholder approval. The warrants include a 4.99% beneficial ownership limitation, adjustable to 9.99%.In fundamental transactions, warrants remain exercisable into successor entity shares, or holders can require cash payment of Black Scholes Value. The company must reserve sufficient shares for exercise, initially 200% of shares issuable under all related warrants.