PainReform (PRFX) has released an update.
PainReform Ltd. is making a strategic inducement offer to warrant holders, providing an opportunity to purchase new warrants at a reduced exercise price of $1.60 per share, in exchange for cash exercise of existing warrants. This move, which includes the issuance of new warrants exercisable for five years, aims to incentivize holders by potentially doubling their purchasable shares and comes with certain beneficial ownership limitations. The offer is part of a broader strategy to increase investment and shareholder value while adhering to securities regulations.
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