MaxCyte, Inc. Result of Special Meeting (3656E)
July 06 2021 - 12:36PM
UK Regulatory
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RNS Number : 3656E
MaxCyte, Inc.
06 July 2021
Result of Special Meeting
GAITHERSBURG, MD, 06 July 2021 - MaxCyte, Inc., (LSE: MXCT,
MXCN), a leading provider of platform technologies for cell
engineering, announces that at the Special Meeting held earlier
today in respect of the Company's proposed US-registered public
offering of shares of Common Stock and dual-listing of the Common
Stock on Nasdaq (the "Proposed Offering"), each of the resolutions
as set out in the notice of Special Meeting was duly passed, with
the sole exception of Resolution 5, which is not a requirement for
the Proposed Offering to proceed.
The Special Meeting was convened following the Company's
announcement on 14 May 2021, that it had confidentially submitted a
draft registration statement on Form S-1 to the SEC relating to a
proposed dual-listing and public offering of shares of Common Stock
on Nasdaq. The exact timing of the Proposed Offering as well as the
number of and the price of the shares of Common Stock to be offered
and sold in the Proposed Offering have not yet been determined. The
Proposed Offering is subject to the Securities and Exchange
Commission satisfactorily completing its review of the Company's
registration statement related thereto in addition to market and
other conditions. There is no assurance that the Proposed Offering
will be completed, nor is there certainty as to the timing of the
Proposed Offering.
As a result of the outcome of the Special Meeting, should the
Proposed Offering proceed, MaxCyte's Directors intend to maintain
the admission of the shares of Common Stock to trading on AIM
alongside listing of the shares of Common Stock on Nasdaq.
Accordingly, Stockholders will continue to be able to deal in
shares of Common Stock on AIM and, in due course, may also deal in
shares of Common Stock on Nasdaq. The Company will continue to be
subject to the AIM Rules for Companies.
The Company intends to provide further details in due course in
an announcement to be made via a Regulatory Information Service as
to how, subject to completion of the Proposed Offering,
Stockholders will be able to move shares of Common Stock between
the UK and the US.
This press release is being made pursuant to, and in accordance
with Rule 135 under the Securities Act of 1933, as amended (the
"Securities Act"). This press release does not constitute an offer
to sell or the solicitation of an offer to buy securities, and
shall not constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of that jurisdiction. Any offers, solicitations or
offers to buy, or any sales of securities will be made in
accordance with the registration requirements of the Securities
Act.
About MaxCyte
MaxCyte is a leading commercial cell-engineering company focused
on providing enabling platform technologies to advance innovative
cell-based research as well as next-generation cell therapeutic
discovery, development and commercialization. MaxCyte's existing
customer base ranges from large biopharmaceutical companies -
including all of the top 10, and 20 of the top 25, pharmaceutical
companies based on 2020 global revenue - to hundreds of
biotechnology companies and academic centers focused on
translational research. MaxCyte has granted 13 strategic platform
licences to commercial cell therapy developers. Including these
strategic platform licences, MaxCyte has granted pre-clinical and
clinical licences to academic and industry customers covering an
estimated 140 programmes, of which an estimated 100 are for
clinical use. MaxCyte was founded in 1998 and is headquartered in
Gaithersburg, Maryland, US.
MaxCyte Contacts:
MaxCyte Inc.
Doug Doerfler, Chief Executive Officer
Amanda Murphy, Chief Financial Officer +1 301-944-1660
Nominated Adviser and Joint Corporate Broker
Panmure Gordon
Emma Earl / Freddy Crossley
Corporate Broking
Rupert Dearden +44 (0)20 7886 2500
Joint Corporate Broker
Numis Securities Limited
James Black / Duncan Monteith / Matthew O'Dowd +44 (0)20 7260 1000
Joint Corporate Broker
Stifel Nicolaus Europe Limited
Healthcare Investment Banking
Nicholas Moore / Ben Maddison / Samira Essebiyea
Corporate Broking
Nick Adams +44 (0) 20 7710 7600
Financial PR Adviser
Consilium Strategic Communications +44 (0)203 709 5700
Mary-Jane Elliott maxcyte@consilium-comms.com
Chris Welsh
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