Precipio is requesting Shareholders/Brokers vote today to avoid costly adjournment and rescheduling of Annual Shareholders Meeting
June 12 2024 - 4:00PM
Management of specialty cancer diagnostics company Precipio,
Inc. (NASDAQ: PRPO) is requesting that
shareholders
instruct their brokers to vote their shares immediately
today no later than 11pm Eastern Time. In order to ensure that
there is a quorum required for the shareholders’ meeting that is
scheduled to take place tomorrow June 13, 2024 at 10 a.m. Eastern
Time.
At the time of this press release, approximately
44% of shares have been voted. For the company to hold the
shareholder meeting, a minimum of 50% of shares must be voted.
If the company is forced to adjourn the
shareholder meeting due to insufficient votes, the costs of
rescheduling the meeting, which includes hiring a proxy solicitor,
legal and other administrative costs could be as high as $100,000
(the current shareholder meeting costs less than $5,000).
Management would like to avoid these unnecessary
expenditures.
Regardless of whether you
instruct your broker to vote for
or against, PLEASE VOTE TODAY BY 11 p.m.
Eastern Time to ensure that the quorum requirement is met,
and the costs of a rescheduled
meeting are avoided.
About Precipio
Precipio is a healthcare biotechnology company
focused on cancer diagnostics. Our mission is to address the
pervasive problem of cancer misdiagnoses by developing solutions in
the form of diagnostic products and services. Our products and
services deliver higher accuracy, improved laboratory workflow, and
ultimately better patient outcomes, which reduce healthcare
expenses. Precipio develops innovative technologies in our
laboratory where we design, test, validate, and use these products
clinically, improving diagnostic outcomes. Precipio then
commercializes these technologies as proprietary products that
serve the global laboratory community and further scales Precipio’s
reach to eradicate misdiagnosis. For more information, please visit
www.precipiodx.com.
Please follow us on LinkedIn, Twitter
@PrecipioDx and on Facebook.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including, among others, including other
financial projections and potential market opportunity, plans and
prospects. Except for historical information, statements about
future volumes, sales, growth, costs, cost savings, margins,
earnings, earnings per share, diluted earnings per share, cash
flows, plans, objectives, expectations, growth or profitability are
forward-looking statements based on management’s estimates,
beliefs, assumptions and projections. Words such as “could,” “may,”
“expects,” “anticipates,” “will,” “targets,” “goals,” “projects,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” “predicts,”
and variations on such words, and similar expressions that reflect
our current views with respect to future events and operational,
economic and financial performance, are intended to identify such
forward-looking statements. These forward-looking statements are
only predictions, subject to risks and uncertainties, and actual
results could differ materially from those discussed. We caution
investors not to place undue reliance on the forward-looking
statements contained in this press release. You are encouraged to
read our filings with the SEC, available at www.sec.gov, for a
discussion of these and other risks and uncertainties Important
factors that could affect performance and cause results to differ
materially from management’s expectations, or could affect the
company’s ability to achieve its strategic goals, includes factors
that are described in the sections entitled “Risk Factors” and
“Management’s Discussion and Analysis” in the company’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2023, as
updated from time to time in the company’s Securities and Exchange
Commission filings. The company’s forward-looking statements in
this press release are based on management’s current views,
beliefs, assumptions and expectations regarding future events and
speak only as of the date of this release. The company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by the federal securities
laws.
Inquiries:
investors@precipiodx.com
+1-203-787-7888 Ext. 523
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