BIMI Announces Buyback of Warrants
November 28 2023 - 8:00AM
BIMI International Medical Inc. (NASDAQ: BIMI, "BIMI"), a
healthcare products and services provider, today announced its
entry into material definitive agreements with certain of its
warrant holders, pursuant to which BIMI agreed to buy back an
aggregate of 7,066,913 warrants to purchase shares of common stock
of the Company from these warrant holders. BIMI agreed to pay $0.30
for each share of common stock underlying the warrant, or an
aggregate purchase price of $2,120,073.80 to the warrant holders
within three (3) business days (for certain sellers), or two (2)
months (for certain other sellers), of the signing of the
agreements. The warrants will be deemed cancelled upon the receipt
by the sellers of the purchase price.
About BIMI International Medical Inc.
BIMI International Medical Inc. is a healthcare products and
services provider, offering a broad range of healthcare products
and related services in the U.S. and Asia. For more information,
please visit www.usbimi.com.
Safe Harbor Statement
Certain matters
discussed in this news release are forward-looking statements that
involve a number of risks and uncertainties including, but not
limited to, the Company’s ability to achieve profitable operations,
its ability to continue to operate as a going concern, its ability
to continue to meet NASDAQ continued listing requirements, the
effects of the spread of COVID-19, the demand for the Company’s
products and services in the People’s Republic of China, the
continued positive results of the recently acquired Phenix Bio
subsidiary, general economic conditions and other risk factors
detailed in the Company’s annual report and other filings with the
United States Securities and Exchange Commission.
IR Contact:
Investor Relations Department of BIMI International Medical
Inc.Tel: +1(949)-981-6274Email: vinson@usbimi.com
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