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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July
11, 2023
Aditxt, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-39336 |
|
82-3204328 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
737 N. Fifth Street, Suite 200 Richmond, VA |
|
23219 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone
number, including area code: (650) 870-1200
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, par value $0.001 |
|
ADTX |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01. Entry Into a Material Definitive Agreement
On July 11, 2023, Aditxt, Inc. (the “Company”)
entered into a Subscription and Investment Representation Agreement (the “Subscription Agreement”) with Amro Albanna, its
Chief Executive Officer, who is an accredited investor (the “Purchaser”), pursuant to which the Company agreed to issue and
sell one (1) share of the Company’s Series C Preferred Stock, par value $0.001 per share (the “Preferred Stock”), to
the Purchaser for $1,000.00 in cash. The sale closed on July 11, 2023. Additional information regarding the rights, preferences, privileges
and restrictions applicable to the Preferred Stock is set forth under Item 5.03 of this Current Report on Form 8-K and is incorporated
herein by reference.
The Subscription Agreement contains customary
representations and warranties and certain indemnification rights and obligations of the parties.
The foregoing summary of the Subscription Agreement
does not purport to be complete and is subject to, and qualified in its entirety by, such document, which is filed as Exhibit 10.1 to
this Current Report on Form 8-K and is incorporated herein by reference.
Item 3.02 Unregistered Sales of Equity Securities
The disclosure required by this Item is included
in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference. Based in part upon the representations of the
Purchaser in the Subscription Agreement, the offering and sale of the Preferred Stock was exempt from registration under Section 4(a)(2)
of the Securities Act of 1933, as amended.
Item 3.03 Material Modifications to Rights
of Security Holders
The disclosure required by this Item is included
in Item 5.03 of this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year
On July 11, 2023, the Company filed a certificate
of designation (the “Certificate of Designation”) with the Secretary of State of Delaware, effective as of the time of filing,
designating the rights, preferences, privileges and restrictions of the share of Preferred Stock. The Certificate of Designation provides
that the share of Preferred Stock will have 250,000,000 votes and will vote together with the outstanding shares of the Company’s
common stock as a single class exclusively with respect to any proposal to amend the Company’s Amended and Restated Certificate
of Incorporation to effect a reverse stock split of the Company’s common stock. The Preferred Stock will be voted, without action
by the holder, on any such proposal in the same proportion as shares of common stock are voted. The Preferred Stock otherwise has no voting
rights except as otherwise required by the General Corporation Law of the State of Delaware.
The Preferred Stock is not convertible into, or
exchangeable for, shares of any other class or series of stock or other securities of the Company. The Preferred Stock has no rights with
respect to any distribution of assets of the Company, including upon a liquidation, bankruptcy, reorganization, merger, acquisition, sale,
dissolution or winding up of the Company, whether voluntarily or involuntarily. The holder of the Preferred Stock will not be entitled
to receive dividends of any kind.
The outstanding share of Preferred Stock shall
be redeemed in whole, but not in part, at any time (i) if such redemption is ordered by the Board of Directors in its sole discretion
or (ii) automatically upon the effectiveness of the amendment to the Certificate of Incorporation implementing a reverse stock split.
Upon such redemption, the holder of the Preferred Stock will receive consideration of $1,000.00 in cash.
The foregoing summary of the Certificate of Designation
does not purport to be complete and is subject to, and qualified in its entirety by, such document, which is filed as Exhibit 3.1 to this
Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date: July 14, 2023 |
ADITXT, INC. |
|
|
|
|
By: |
/s/ Amro Albanna |
|
Name: |
Amro Albanna |
|
Title: |
Chief Executive Officer |
-3-
Exhibit
3.1
ADITXT, INC.
CERTIFICATE OF DESIGNATION
OF
SERIES C PREFERRED
STOCK
Pursuant to Section 151
of the
General Corporation Law
of the State of Delaware
THE UNDERSIGNED DOES
HEREBY CERTIFY, on behalf of Aditxt, Inc., a Delaware corporation (the “Corporation”), that the following resolution
was duly adopted by the board of directors of the Corporation (the “Board of Directors”), in accordance with the provisions
of Section 151 of the General Corporation Law of the State of Delaware, as amended (the “DGCL”) on July 11, 2023, which
resolution provides for the creation of a series of the Corporation’s Preferred Stock, par value $0.001 per share, which is designated
as “Series C Preferred Stock,” with the rights, preferences, privileges and restrictions set forth therein.
WHEREAS, the Amended
and Restated Certificate of Incorporation of the Corporation (as amended, the “Certificate of Incorporation”), provides
for a class of capital stock of the Corporation known as Preferred Stock, consisting of 3,000,000 shares, par value $0.001 per share (the
“Preferred Stock”), issuable from time to time in one or more series, and further provides that the Board of Directors
is expressly authorized to fix the number of shares of any series of Preferred Stock, to determine the designation of any such shares,
and to determine the rights (including but not limited to voting rights), preferences, privileges and restrictions granted to or imposed
upon any wholly unissued series of Preferred Stock.
NOW, THEREFORE, BE
IT RESOLVED, that, pursuant to authority conferred upon the Board of Directors by the Certificate of Incorporation, (i) a series of
Preferred Stock be, and hereby is, authorized by the Board of Directors, (ii) the Board of Directors hereby authorizes the issuance of
one share of Series C Preferred Stock and (iii) the Board of Directors hereby fixes the rights, preferences, privileges and restrictions
of such share of Preferred Stock, in addition to any provisions set forth in the Certificate of Incorporation that are applicable to all
series of the Preferred Stock, as follows:
TERMS OF PREFERRED
STOCK
1. Designation,
Amount and Par Value. The series of Preferred Stock created hereby shall be designated as the Series C Preferred Stock (the “Series
C Preferred Stock”), and the number of shares so designated shall be one. The share of Series C Preferred Stock shall have a
par value of $0.001 per share and will be uncertificated and represented in book-entry form.
2. Dividends.
The holder of Series C Preferred Stock, as such, shall not be entitled to receive dividends of any kind.
3. Voting Rights.
Except as otherwise provided by the Certificate of Incorporation or required by law, the holder of the share of Series C Preferred
Stock shall have the following voting rights:
3.1 Except as
otherwise provided herein, the outstanding share of Series C Preferred Stock shall have 250,000,000 votes. The outstanding share of Series
C Preferred Stock shall vote together with the outstanding shares of common stock, par value $0.001 per share (the “Common Stock”),
of the Corporation as a single class exclusively with respect to the Reverse Stock Split (as defined below) and shall not be entitled
to vote on any other matter except to the extent required under the DGCL. As used herein, the term “Reverse Stock Split”
means any proposal to adopt an amendment to the Certificate of Incorporation to reclassify the outstanding shares of Common Stock into
a smaller number of shares of Common Stock at a ratio specified in or determined in accordance with the terms of such amendment.
3.2 The share
of Series C Preferred Stock shall be voted, without action by the holder, on the Reverse Stock Split in the same proportion as shares
of Common Stock are voted (excluding any shares of Common Stock that are not voted) on the Reverse Stock Split (and, for purposes of clarity,
such voting rights shall not apply on any other resolution presented to the shareholders of the Corporation).
4. Rank; Liquidation
and Other. The Series C Preferred Stock shall have no rights as to any distribution of assets of the Corporation for any reason,
including upon a liquidation, bankruptcy, reorganization, merger, acquisition, sale, dissolution or winding up of the Corporation, whether
voluntarily or involuntarily.
5. Transfer.
The Series C Preferred Stock may not be Transferred at any time prior to stockholder approval of the Reverse Stock Split without the
prior written consent of the Board of Directors. “Transferred” means, directly or indirectly, whether by merger, consolidation,
share exchange, division, or otherwise, the sale, transfer, gift, pledge, encumbrance, assignment or other disposition of the share of
Series C Preferred Stock (or any right, title or interest thereto or therein) or any agreement, arrangement or understanding (whether
or not in writing) to take any of the foregoing actions.
6. Redemption.
6.1 The outstanding
share of Series C Preferred Stock shall be redeemed in whole, but not in part, at any time (i) if such redemption is ordered by the Board
of Directors in its sole discretion, automatically and effective on such time and date specified by the Board of Directors in its sole
discretion, or (ii) automatically upon the effectiveness of the amendment to the Certificate of Incorporation implementing the Reverse
Stock Split (any such redemption pursuant to this Section 6.1, the “Redemption”). As used herein, the “Redemption
Time” shall mean the effective time of the Redemption.
6.2 The share
of Series C Preferred Stock redeemed in the Redemption pursuant to this Section 6 shall be redeemed in consideration for the right to
receive an amount equal to $1,000 in cash (the “Redemption Price”) for the share of Series C Preferred Stock that is
owned of record as of immediately prior to the applicable Redemption Time and redeemed pursuant to the Redemption, payable upon the applicable
Redemption Time.
6.3 From and after
the time at which the share of Series C Preferred Stock is called for Redemption (whether automatically or otherwise) in accordance with
Section 6.1, such share of Series C Preferred Stock shall cease to be outstanding, and the only right of the former holder of such share
of Series C Preferred Stock, as such, will be to receive the applicable Redemption Price. The share of Series C Preferred Stock Redeemed
by the Corporation pursuant to this Certificate of Designation shall be automatically retired and restored to the status of an authorized
but unissued share of Preferred Stock, upon such Redemption. Notice of a meeting of the Corporation’s stockholders for the submission
to such stockholders of any proposal to approve the Reverse Stock Split shall constitute notice of the Redemption of shares of Series
C Preferred Stock and result in the automatic Redemption of the share of Series C Preferred Stock at the Redemption Time pursuant to Section
6.1 hereof. In connection with the filing of this Certificate of Designation, the Corporation has set apart funds for payment for the
Redemption of the share of Series C Preferred Stock and shall continue to keep such funds apart for such payment through the payment of
the purchase price for the Redemption of such share.
7. Severability.
Whenever possible, each provision hereof shall be interpreted in a manner as to be effective and valid under applicable law, but if any
provision hereof is held to be prohibited by or invalid under applicable law, then such provision shall be ineffective only to the extent
of such prohibition or invalidity, without invalidating or otherwise adversely affecting the remaining provisions hereof.
[Remainder of Page Intentionally
Left Blank]
IN
WITNESS WHEREOF, Aditxt, Inc. has caused this Certificate of Designation of Series C Preferred Stock to be duly executed by the undersigned
duly authorized officer as of this 11th day of July, 2023.
|
ADITXT, INC. |
|
|
|
|
By: |
/s/ Amro Albanna |
|
|
Amro Albanna |
|
|
Chief Executive Officer |
-3-
Exhibit 10.1
It is the responsibility of any investor purchasing
these securities to satisfy itself as to full observance of the laws of any relevant territory outside the United States in connection
with any such purchase, including obtaining any required governmental or other consents or observing any other applicable requirements.
We are not making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted.
Aditxt, Inc.
Series C Preferred Stock
SUBSCRIPTION AND INVESTMENT REPRESENTATION AGREEMENT
THIS AGREEMENT, dated as
of July 11, 2023, is by and between Aditxt, Inc., a Delaware corporation (the “Company”), and the undersigned subscriber
(the “Subscriber”). In consideration of the mutual promises contained herein, and other good, valuable and adequate
consideration, the parties hereto agree as follows:
1. Agreement of Sale;
Closing. The Company agrees to sell to Subscriber, and Subscriber agrees to purchase from the Company, one (1) share of the Company’s
Series C Preferred Stock, par value $0.001 per share (the “Securities”), which Securities shall have the rights, preferences,
privileges and restrictions set forth in the Certificate of Designation attached hereto as Exhibit A (the “Certificate
of Designation”). Subscriber hereby acknowledges and agrees to the entire terms of the Certificate of Designation, including,
without limitation, the voting rights in Section 3, the restrictions on transfer of the Securities in Section 5 and the redemption of
the Securities pursuant to Section 6 of the Certificate of Designation. The purchase price will be paid by the Subscriber to the Company
in cash at the price of $1,000.00.
2. Representations and
Warranties of Subscriber. In consideration of the Company’s offer to sell the Securities, and in addition to the purchase price
to be paid, Subscriber hereby covenants, represents and warrants to the Company as follows:
a. Information About
the Company.
i. Subscriber is aware that
the Company has limited revenue, is not profitable and that its financial projections and future are purely speculative.
ii. Subscriber has had an
opportunity to ask questions of, and receive answers from, the Company concerning the business, management, and financial and compliance
affairs of the Company and the terms and conditions of the purchase of the Securities contemplated hereby. Subscriber has had an opportunity
to obtain, and has received, any additional information deemed necessary by the Subscriber to verify such information in order to form
a decision concerning an investment in the Company.
iii. Subscriber has been
advised to seek legal counsel and financial and tax advice concerning Subscriber’s investment in the Company hereunder.
b. Information on Subscriber.
Subscriber is not and has never been prior to the effective date of this Agreement an employee, officer, director, contractor, agent,
representative, beneficiary, and/or shareholder of the Company.
c. Restrictions on Transfer.
Subscriber covenants, represents and warrants that the Securities are being purchased for Subscriber’s own personal account and
for Subscriber’s individual investment and without the intention of reselling or redistributing the same, that Subscriber has made
no agreement with others regarding any of such Securities, and that Subscriber’s financial condition is such that it is not likely
that it will be necessary to dispose of any of the Securities in the foreseeable future. Moreover, Subscriber acknowledges that any of
the aforementioned actions may require the prior written consent of the Company’s board of directors pursuant to the Certificate
of Designation. Subscriber is aware that, in the view of the Securities and Exchange Commission, a purchase of the Securities with an
intent to resell by reason of any foreseeable specific contingency or anticipated change in market values, or any change in the condition
of the Company, or in connection with a contemplated liquidation or settlement of any loan obtained by Subscriber for the acquisition
of the Securities and for which the Securities were pledged as security, would represent an intent inconsistent with the covenants, warranties
and representations set forth above. Subscriber understands that the Securities have not been registered under the Securities Act of 1933,
as amended (the “Securities Act”), or any state or foreign securities laws in reliance on exemptions from registration
under these laws, and that, accordingly, the Securities may not be resold by the undersigned (i) unless they are registered under both
the Securities Act and applicable state or foreign securities laws or are sold in transactions which are exempt from such registration,
and (ii) except in compliance with Section 5 of the Certificate of Designation, which may require the prior written consent of the Company’s
board of directors. Subscriber therefore agrees not to sell, assign, transfer or otherwise dispose of the Securities (i) unless a registration
statement relating thereto has been duly filed and become effective under the Securities Act and applicable state or foreign securities
laws, or unless in the opinion of counsel satisfactory to the Company no such registration is required under the circumstances, and (ii)
except in compliance with Section 5 of the Certificate of Designation. There is not currently, and it is unlikely that in the future there
will exist, a public market for the Securities; and accordingly, for the above and other reasons, Subscriber may not be able to liquidate
an investment in the Securities for an indefinite period.
d. High Degree of Economic
Risk. Subscriber realizes that an investment in the Securities involves a high degree of economic risk to the Subscriber, including
the risks of receiving no return on the investment and/or of losing Subscriber’s entire investment in the Company. Subscriber is
able to bear the economic risk of investment in the Securities, including the total loss of such investment. The Company can make no assurance
regarding its future financial performance or as to the future profitability of the Company.
e. Suitability. Subscriber
has such knowledge and experience in financial, legal and business matters that Subscriber is capable of evaluating the merits and risks
of an investment in the Securities. Subscriber has obtained, to the extent deemed necessary, Subscriber’s own personal professional
advice with respect to the risks inherent in, and the suitability of, an investment in the Securities in light of Subscriber’s financial
condition and investment needs. Subscriber believes that the investment in the Securities is suitable for Subscriber based upon Subscriber’s
investment objectives and financial needs, and Subscriber has adequate means for providing for Subscriber’s current financial needs
and personal contingencies and has no need for liquidity of investment with respect to the Securities. Subscriber understands that no
federal or state agency has made any finding or determination as to the fairness for investment, nor any recommendation or endorsement,
of the Securities.
f. Tax Liability.
Subscriber has reviewed with Subscriber’s own tax advisors the federal, state, local and foreign tax consequences of this investment
and the transactions contemplated by this Agreement, and has and will rely solely on such advisors and not on any statements or representations
of the Company or any of its agents, representatives, employees or affiliates or subsidiaries. Subscriber understands that Subscriber
(and not the Company) shall be responsible for Subscriber’s own tax liability that may arise as a result of this investment or the
transactions contemplated by this Agreement. Under penalties of perjury, Subscriber certifies that Subscriber is not subject to back-up
withholding either because Subscriber has not been notified that Subscriber is subject to back-up withholding as a result of a failure
to report all interest and dividends, or because the Internal Revenue Service has notified Subscriber that Subscriber is no longer subject
to back-up withholding.
g. Residence. Subscriber’s
present principal residence or business address, and the location where the securities are being purchased, is located in the State of
California.
h. Limitation Regarding
Representations. Except as set forth in this Agreement, no covenants, representations or warranties have been made to Subscriber by
the Company or any agent, representative, employee, director or affiliate or subsidiary of the Company and in entering into this transaction,
Subscriber is not relying on any information, other than that contained herein and the results of independent investigation by Subscriber
without any influence by Company or those acting on Company’s behalf. Subscriber agrees it is not relying on any oral or written
information not expressly included in this Agreement, including but not limited to the information which has been provided by the Company,
its directors, its officers or any affiliate or subsidiary of any of the foregoing.
i. Authority.
1. Entity.
If the undersigned is not an individual but an entity, the individual signing on behalf of such entity and the entity jointly and severally
agree and certify that (a) the undersigned was not organized for the specific purpose of acquiring the Securities and (b) this Agreement
has been duly authorized by all necessary action(s) on the part of the undersigned, has been duly executed by an authorized officer, agent
or representative of the undersigned, and is a legal, valid and binding obligation of the undersigned enforceable in accordance with its
terms.
2. Individual.
If the undersigned is an individual, the undersigned is of legal age.
3. Legend. Subscriber
consents to the notation of the Securities with the following legend reciting restrictions on the transferability of the Securities:
The Securities represented hereby have not been
registered under the Securities Act of 1933, as amended (the “Securities Act”), and have not been registered under
any state securities laws. These Securities may not be sold, offered for sale or transferred, without first obtaining (i) an opinion of
counsel satisfactory to the Company that such sale or transfer lawfully is exempt from registration under the Securities Act and under
the applicable state securities laws or (ii) such registration. Moreover, these Securities may be transferred only in accordance with
the terms of the Company’s Certificate of Designation of Series C Preferred Stock, a copy of which is on file with the Secretary
of the Company.
PARAGRAPH 4 IS REQUIRED IN CONNECTION WITH
THE EXEMPTIONS FROM THE SECURITIES ACT AND STATE LAWS BEING RELIED ON BY THE COMPANY WITH RESPECT TO THE OFFER AND SALE OF THE SECURITIES
HEREUNDER. ALL OF SUCH INFORMATION WILL BE KEPT CONFIDENTIAL AND WILL BE REVIEWED ONLY BY THE COMPANY AND ITS COUNSEL. THE UNDERSIGNED
AGREES TO FURNISH ANY ADDITIONAL INFORMATION THAT THE COMPANY AND ITS COUNSEL DEEM NECESSARY TO VERIFY THE RESPONSES SET FORTH BELOW.
4. Accredited Status.
Subscriber covenants, represents and warrants that it does qualify as an “accredited investor” as that term is defined in
Regulation D under the Securities Act because the undersigned satisfies the criteria indicated in Exhibit B hereto. Subscriber
further covenants, represents and warrants that the information provided under the heading “Accredited Investor Status” in
Exhibit B to this Agreement is true and correct. The information provided under this section of the Agreement is required in connection
with the exemptions from the Securities Act and state securities laws being relied on by the Company with respect to the offer and sale
of the Securities. The undersigned agrees to furnish any additional information which the Company or its legal counsel deem necessary
in order to verify the responses set forth above.
5. Holding Status.
Subscriber desires that the Securities be held as set forth on the signature page hereto.
6. Confidentiality.
Subscriber will make no written or other public disclosures regarding the Company and its business, the terms or existence of the proposed
or actual sale of Securities or regarding the parties to the proposed or actual sale of Securities to any individual or organization without
the prior written consent of the Company, except as may be required by law.
7. Notice. Correspondence
regarding the Securities should be directed to Subscriber at the address provided by Subscriber to the Company in writing. Subscriber
is a bona fide resident of the state of California.
8. No Assignment or Revocation;
Binding Effect. Neither this Agreement, nor any interest herein, shall be assignable or otherwise transferable, restricted or limited
by Subscriber without prior written consent of the Company. Subscriber hereby acknowledges and agrees that Subscriber is not entitled
to cancel, terminate, modify or revoke this Agreement in any way and that the Agreement shall survive the death, incapacity or bankruptcy
of Subscriber. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto, and their respective
heirs, legal representatives, successors and assigns.
9. Indemnification.
The Company agrees to indemnify and hold harmless the Subscriber and each current and future officer, director, employee, agent, representative
and shareholder, if any, of the Subscriber from and against any and all costs, loss, damage or liability associated with this Agreement
and the issuance and voting of the Securities.
10. Modifications.
This Agreement may not be changed, modified, released, discharged, abandoned or otherwise amended, in whole or in part, except by an instrument
in writing, signed by the Subscriber and the Company. No delay or failure of the Company in exercising any right under this Agreement
will be deemed to constitute a waiver of such right or of any other rights.
11. Entire
Agreement. This Agreement and the exhibits hereto are the entire agreement between the parties with respect to the subject
matter hereto and thereto. This Agreement, including the exhibits, supersede any previous oral or written communications,
representations, understandings or agreements with the Company or with any officers, directors, agents or representatives of the
Company.
12. Severability.
In the event that any paragraph or provision of this Agreement shall be held to be illegal or unenforceable in any jurisdiction, such
paragraph or provision shall, as to that jurisdiction, be adjusted and reformed, if possible, in order to achieve the intent of the parties
hereunder, and if such paragraph or provision cannot be adjusted and reformed, such paragraph or provision shall, for the purposes of
that jurisdiction, be voided and severed from this Agreement, and the entire Agreement shall not fail on account thereof but shall otherwise
remain in full force and effect.
13. Governing Law.
This Agreement shall be governed by, subject to, and construed in accordance with the laws of the State of Delaware without regard to
conflict of law principles.
14. Survival of Covenants,
Representations and Warranties. Subscriber understands the meaning and legal consequences of the agreements, covenants, representations
and warranties contained herein, and agrees that such agreements, covenants, representations and warranties shall survive and remain in
full force and effect after the execution hereof and payment by Subscriber for the Securities.
[Remainder of page left blank intentionally
- signature page follows]
For good, valuable and adequate consideration,
the receipt and sufficiency of which is hereby acknowledged, Subscriber hereby agrees that by signing this Subscription and Investment
Representation Agreement, and upon acceptance hereof by the Company, that the terms, provisions, obligations and agreements of
this Agreement shall be binding upon Subscriber, and such terms, provisions, obligations and agreements shall inure to the benefit of
and be binding upon Subscriber and its successors and assigns.
INDIVIDUAL(S): |
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ENTITY: |
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|
/s/ Amro Albanna |
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Entity Name: |
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Name: |
Amro Albanna |
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By: |
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Name: |
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Its: |
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Number
of Shares Purchased: 1 |
|
Purchase Price Per Share:
$1,000.00 |
|
Aggregate Purchase Price:
$1,000.00 |
|
|
|
The Subscriber desires that the Securities be held as follows (check one): |
☒ Individual Ownership |
☐ Corporation |
☐ Community Property |
☐ Trust* |
☐ Jt. Tenant with Right of Survivorship (both parties must sign) |
☐ Limited Liability Company* |
☐ Tenants in Common |
☐ Partnership* |
|
☐ Other (please describe): _________ |
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|
The Company hereby accepts
the subscription evidenced by this Subscription and Investment Representation Agreement:
|
ADITXT, INC. |
|
|
|
By: |
/s/ Thomas Farley |
|
Name: |
Thomas Farley |
|
Title: |
Chief Financial Officer |
Exhibit A
Certificate of Designation
See attached.
Exhibit B
Accredited Investor Status
See attached.
-7-
v3.23.2
Cover
|
Jul. 11, 2023 |
Cover [Abstract] |
|
Document Type |
8-K
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Amendment Flag |
false
|
Document Period End Date |
Jul. 11, 2023
|
Current Fiscal Year End Date |
--12-31
|
Entity File Number |
001-39336
|
Entity Registrant Name |
Aditxt, Inc.
|
Entity Central Index Key |
0001726711
|
Entity Tax Identification Number |
82-3204328
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
737 N. Fifth Street
|
Entity Address, Address Line Two |
Suite 200
|
Entity Address, City or Town |
Richmond
|
Entity Address, State or Province |
VA
|
Entity Address, Postal Zip Code |
23219
|
City Area Code |
650
|
Local Phone Number |
870-1200
|
Written Communications |
false
|
Soliciting Material |
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|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
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Title of 12(b) Security |
Common Stock, par value $0.001
|
Trading Symbol |
ADTX
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
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