NetworkNewsBreaks – Predictive Oncology Inc. (NA
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Predictive Oncology (NASDAQ: POAI), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, today announced that it has entered into definitive agreements with several institutional and accredited investors for the issuance and sale of an aggregate of 3,650,840 shares of its common stock at a purchase price of $0.842 per share. The company expects to secure gross proceeds of approximately $3.0 million in the registered direct offering priced at-the-market under Nasdaq rules. Predictive Oncology has also agreed to issue to the investors unregistered warrants to purchase an aggregate of up to 1,825,420 shares of common stock. Subject to the satisfaction of customary conditions, the closing of the offering is expected to occur on or about January 12, 2021. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
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