Company to Pursue Alternate Plans for Capital Structure Improvement Including a Proposed Reverse Stock Split and a Note and Warrant Exchange Independent of a Merger Transaction
On
Based upon
our assessment of the likelihood of being able to secure a national securities exchange
listing for the combined company and of the relative attractiveness of
continuing to pursue this merger transaction as opposed to other options to
grow SANUWAVEs business and seek an uplisting, our board of directors has
unanimously determined that terminating the merger agreement with SEPA and
seeking another path forward was in the best interests of the Company and its stockholders,
said CEO
About
Forward-Looking Statements
This press release may
contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, such as statements relating to a potential reverse stock split and note
and warrant exchange, future financial
results, production expectations and constraints, and plans for future business
development activities. Forward-looking statements include all statements that
are not statements of historical fact regarding intent, belief or current
expectations of the Company, its directors or its officers. Investors are
cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, many of which are beyond the
Companys ability to control. Actual results may differ materially from those
projected in the forward-looking statements. Among the key risks, assumptions
and factors that may affect operating results, performance and financial
condition are risks associated with supply chain and production constraints, regulatory
oversight, market
conditions, the Companys ability to
manage its capital resource issues, competition, and the other factors
discussed in detail in the Companys periodic filings with the
Contact: investors@sanuwave.com
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