Cardax Announces Extension of Warrant Exchange Offer to July 27, 2018
HONOLULU, July 23, 2018 /PRNewswire/ — Cardax, Inc. (OTCQB: CDXI) announced today that it is extending to July 27, 2018, the period for its offer (“Exchange Offer”) to allow holders of warrants for its common stock that have an exercise price of $0.625 and expire in February 2019 (“Warrants”) to exchange those Warrants, together with a payment of $0.15 per share, for registered shares of the Cardax’s common stock (“Shares”).
The Exchange Offer was scheduled to expire at 5:00 p.m., New York City time, on July 23, 2018, unless extended by Cardax.
The extended expiration date for the Exchange Offer is 5:00 p.m., New York City time, on July 27, 2018. All other terms and conditions of the Exchange Offer as set forth in the prospectus dated June 22, 2018, filed with the U.S. Securities Commission and the related letter of transmittal, remain unchanged.
“I am pleased with the interest in the warrant exchange offer,” said David G. Watumull, Cardax President and CEO, “and the extension will allow all those who wish to participate the time they need to complete the administrative requirements for the transaction.”
M.M. Dillon & Co. Group LLC is acting as financial advisor and CIM Securities, LLC is acting as solicitation agent for this transaction.
For questions, Warrant holders should contact Cardax or CIM Securities, LLC:
|Cardax, Inc.||CIM Securities, LLC|
|Investor Relations||Andrew Daniels, Managing Director|
This press release shall not constitute an offer to purchase or the solicitation of an offer to buy any securities.
Cardax devotes substantially all of its efforts to developing and commercializing dietary supplements and pharmaceuticals. Cardax is initially focusing on astaxanthin, which is a powerful and safe naturally occurring anti-inflammatory that supports health and longevity. The safety and efficacy of Cardax’s products have not been directly evaluated in clinical trials or confirmed by the FDA.
Media and Investors
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