Jan 28, 8k status Altucell ? If the closing is
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Posted On: 04/09/2020 3:22:35 PM
Jan 28, 8k status Altucell ?
If the closing is not completed within 30 days of execution of the Amendment, SPA will lapse unless the parties agree in writing to continue the transaction. Under the Amendment, Generex agreed to fund the ongoing operations of ALTuCELL during the extension period with a payment of $100,000, to be paid within 2 business days of signing the Amendment.
If ALTuCELL chooses to cancel the transaction as a result of delays due to forces beyond the
control of Generex, including government regulatory delays or extended reviews by
regulators that delay approvals of corporate actions, or by natural disasters or other
unforeseen events beyond the control of Generex, ALTuCELL agrees to return all
payments made by Generex.
If the closing is not completed within 30 days of execution of the Amendment, SPA will lapse unless the parties agree in writing to continue the transaction. Under the Amendment, Generex agreed to fund the ongoing operations of ALTuCELL during the extension period with a payment of $100,000, to be paid within 2 business days of signing the Amendment.
If ALTuCELL chooses to cancel the transaction as a result of delays due to forces beyond the
control of Generex, including government regulatory delays or extended reviews by
regulators that delay approvals of corporate actions, or by natural disasters or other
unforeseen events beyond the control of Generex, ALTuCELL agrees to return all
payments made by Generex.
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