AGÕæÈ˹ٷ½

STOCK TITAN

[8-K] PTC Therapeutics, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Predictive Oncology Inc. (POAI) will hold a Special Meeting of Stockholders in 2025 to vote on three key items:

  • Reverse Stock Split: Charter amendment to effect a 1-for-15 reverse split of outstanding common shares. The step is aimed at regaining compliance with Nasdaq’s $1.00 bid-price and $2.5 M stockholdersâ€� equity listing standards after multiple deficiency notices. Fractional shares will be rounded up to the nearest whole share.
  • Nasdaq Rule 5635 Approval: Authorize issuance of up to $10 million in common stock under a Standby Equity Purchase Agreement (SEPA) signed 1 Jul 2025 with YA II PN, Ltd. Yorkville will buy shares at a 4 % discount to VWAP, subject to a 19.99 % exchange cap unless shareholders approve higher issuance. A 4.99 % beneficial-ownership limit also applies.
  • Adjournment Proposal: Permit meeting adjournment to solicit additional votes if needed.

Nasdaq has granted POAI an extension to 8 Dec 2025 to cure its listing deficiencies; failure to meet requirements after the reverse split would trigger delisting. Management argues the split could widen institutional ownership, lower transaction costs and increase strategic flexibility by boosting the pool of authorized but unissued shares. Risks include potential share-price decline post-split, lower liquidity, greater odd-lot trading costs and dilution from SEPA sales.

The Board unanimously recommends voting FOR all three proposals. Stockholders of record on the 2025 record date are entitled to one vote per share.

Predictive Oncology Inc. (POAI) terrà un'Assemblea Straordinaria degli Azionisti nel 2025 per votare su tre punti chiave:

  • Frazionamento azionario inverso: modifica dello statuto per attuare un frazionamento inverso 1-per-15 delle azioni ordinarie in circolazione. Questa misura mira a ripristinare la conformità con i requisiti di quotazione Nasdaq di prezzo minimo di offerta di $1,00 e patrimonio netto azionario di $2,5 milioni dopo diversi avvisi di non conformità. Le azioni frazionarie saranno arrotondate per eccesso al numero intero più vicino.
  • Approvazione Regola Nasdaq 5635: autorizzare l'emissione fino a $10 milioni in azioni ordinarie nell'ambito di un Accordo di Acquisto Azionario Standby (SEPA) firmato il 1 luglio 2025 con YA II PN, Ltd. Yorkville acquisterà le azioni con uno sconto del 4% sul prezzo medio ponderato per volume (VWAP), soggetto a un limite di scambio del 19,99% a meno che gli azionisti non approvino un'emissione superiore. Si applica inoltre un limite di proprietà effettiva del 4,99%.
  • Proposta di Rinviare l'Assemblea: consentire il rinvio della riunione per raccogliere ulteriori voti, se necessario.

Nasdaq ha concesso a POAI una proroga fino all'8 dicembre 2025 per correggere le carenze di quotazione; il mancato rispetto dei requisiti dopo il frazionamento inverso comporterebbe la cancellazione dalla quotazione. La direzione sostiene che il frazionamento potrebbe ampliare la proprietà istituzionale, ridurre i costi di transazione e aumentare la flessibilità strategica aumentando il numero di azioni autorizzate ma non emesse. I rischi includono un possibile calo del prezzo delle azioni dopo il frazionamento, minore liquidità, maggiori costi di negoziazione di lotti irregolari e diluizione derivante dalle vendite SEPA.

Il Consiglio raccomanda all'unanimità di votare FAVOREVOLMENTE su tutte e tre le proposte. Gli azionisti registrati alla data di riferimento del 2025 hanno diritto a un voto per azione.

Predictive Oncology Inc. (POAI) celebrará una Junta Especial de Accionistas en 2025 para votar sobre tres puntos clave:

  • Consolidación inversa de acciones: enmienda estatutaria para realizar una consolidación inversa de 1 por 15 de las acciones comunes en circulación. Esta medida busca recuperar el cumplimiento con los estándares de cotización de Nasdaq de precio mínimo de oferta de $1.00 y patrimonio neto de accionistas de $2.5 millones tras múltiples avisos de incumplimiento. Las acciones fraccionarias se redondearán al número entero más cercano hacia arriba.
  • Aprobación de la Regla Nasdaq 5635: autorizar la emisión de hasta $10 millones en acciones comunes bajo un Acuerdo de Compra de Acciones en Espera (SEPA) firmado el 1 de julio de 2025 con YA II PN, Ltd. Yorkville comprará acciones con un descuento del 4 % sobre el VWAP, sujeto a un límite de intercambio del 19.99 % a menos que los accionistas aprueben una emisión mayor. También se aplica un límite de propiedad beneficiosa del 4.99 %.
  • Propuesta de aplazamiento: permitir el aplazamiento de la reunión para solicitar votos adicionales si es necesario.

Nasdaq ha concedido a POAI una prórroga hasta el 8 de diciembre de 2025 para corregir sus deficiencias de cotización; el incumplimiento de los requisitos tras la consolidación inversa provocaría la exclusión de la lista. La dirección argumenta que la consolidación podría ampliar la propiedad institucional, reducir los costos de transacción e incrementar la flexibilidad estratégica al aumentar el número de acciones autorizadas pero no emitidas. Los riesgos incluyen una posible caída del precio de las acciones tras la consolidación, menor liquidez, mayores costos de negociación de lotes irregulares y dilución por ventas SEPA.

La Junta recomienda por unanimidad votar A FAVOR de las tres propuestas. Los accionistas registrados en la fecha de registro de 2025 tienen derecho a un voto por acción.

Predictive Oncology Inc.(POAI)ëŠ� 2025ë…„ì— íŠ¹ë³„ 주주ì´íšŒë¥� 개최하여 ì„� 가지 주요 안건ì—� 대í•� 투표í•� 예정입니ë‹�.

  • 역병í•� 주ì‹: 발행 ì¤‘ì¸ ë³´í†µì£¼ì˜ 1대 15 ì—­ë³‘í•©ì„ ìœ„í•œ ì •ê´€ 수정. ì� 조치ëŠ� 여러 차례ì� 결격 통지 í›� Nasdaqì� $1.00 최저 ìž…ì°°ê°€ ë°� $250ë§� 주주ìžë³¸ ìƒìž¥ 기준ì� 회복하기 위한 것입니다. 소수 주ì‹ì€ ê°€ìž� 가까운 정수 주ì‹ìœ¼ë¡œ 올림 처리ë©ë‹ˆë‹�.
  • Nasdaq 규칙 5635 승ì¸: 2025ë…� 7ì›� 1ì� YA II PN, Ltd.와 ì²´ê²°í•� 대ê¸� ì£¼ì‹ ë§¤ìž… 계약(SEPA)ì—� ë”°ë¼ ìµœëŒ€ $1,000ë§�ì� 보통ì£� 발행 승ì¸. Yorkvilleì€ VWAP 대ë¹� 4% í• ì¸ë� ê°€ê²©ì— ì£¼ì‹ì� 매입하며, 주주가 ë� ë†’ì€ ë°œí–‰ì� 승ì¸í•˜ì§€ 않는 í•� 19.99% êµí™˜ 한ë„ê°€ ì ìš©ë©ë‹ˆë‹�. 4.99%ì� 실질 소유 한ë„ë� ì ìš©ë©ë‹ˆë‹�.
  • 연기 제안: í•„ìš” ì‹� 추가 투표ë¥� 요청하기 위해 íšŒì˜ ì—°ê¸° 허용.

Nasdaqì€ POAIì—� ìƒìž¥ 결격 사항ì� í•´ê²°í•� ìˆ� 있ë„ë¡� 2025ë…� 12ì›� 8ì�까지 연장ì� 허가했습니다. 역병í•� í›� 요건 미충ì¡� ì‹� ìƒìž¥íì§€ë� ìˆ� 있습니다. ê²½ì˜ì§„ì€ ë³‘í•©ì� 기관 소유ë¥� 확대하고 거래 비용ì� 낮추ë©�, 승ì¸ë˜ì§€ ì•Šì€ ì£¼ì‹ í’€ì� 늘려 ì „ëžµì � ìœ ì—°ì„±ì„ ë†’ì¼ ìˆ� 있다ê³� 주장합니ë‹�. 위험으로ëŠ� 병합 í›� 주가 í•˜ë½ ê°€ëŠ¥ì„±, 유ë™ì„� ê°ì†Œ, 소액ì£� 거래 비용 ì¦ê°€, SEPA íŒë§¤ë¡� ì¸í•œ í¬ì„ ë“±ì´ ìžˆìŠµë‹ˆë‹¤.

ì´ì‚¬íšŒëŠ” ì„� 가지 제안 모ë‘ì—� 대í•� 만장ì¼ì¹˜ë¡� 찬성 투표ë¥� 권고합니ë‹�. 2025ë…� 기준ì� 현재 주주ëŠ� 주당 1í‘œì˜ íˆ¬í‘œê¶Œì„ ê°€ì§‘ë‹ˆë‹�.

Predictive Oncology Inc. (POAI) tiendra une Assemblée Générale Spéciale des Actionnaires en 2025 pour voter sur trois points clés :

  • Regroupement d'actions inversé : modification des statuts pour effectuer un regroupement inverse de 1 pour 15 des actions ordinaires en circulation. Cette mesure vise à retrouver la conformité avec les critères de cotation du Nasdaq de prix d'offre minimum de 1,00 $ et fonds propres des actionnaires de 2,5 millions de $ après plusieurs avis de non-conformité. Les fractions d'actions seront arrondies à l'action entière la plus proche vers le haut.
  • Approbation de la règle Nasdaq 5635 : autoriser l'émission jusqu'à 10 millions de $ d'actions ordinaires dans le cadre d'un Accord d'Achat d'Actions en Attente (SEPA) signé le 1er juillet 2025 avec YA II PN, Ltd. Yorkville achètera les actions avec une décote de 4 % par rapport au VWAP, sous réserve d'un plafond d'échange de 19,99 % sauf approbation d'une émission plus élevée par les actionnaires. Une limite de propriété bénéficiaire de 4,99 % s'applique également.
  • Proposition de report : permettre le report de la réunion pour solliciter des votes supplémentaires si nécessaire.

Le Nasdaq a accordé à POAI une prolongation jusqu'au 8 décembre 2025 pour remédier à ses manquements de cotation ; le non-respect des exigences après le regroupement entraînerait une radiation. La direction soutient que le regroupement pourrait élargir la propriété institutionnelle, réduire les coûts de transaction et accroître la flexibilité stratégique en augmentant le nombre d'actions autorisées mais non émises. Les risques incluent une possible baisse du cours après le regroupement, une liquidité moindre, des coûts plus élevés pour les transactions en lots irréguliers et une dilution due aux ventes SEPA.

Le Conseil d'administration recommande à l'unanimité de voter POUR les trois propositions. Les actionnaires inscrits à la date d'enregistrement 2025 disposent d'une voix par action.

Predictive Oncology Inc. (POAI) wird 2025 eine außerordentliche Hauptversammlung der Aktionäre abhalten, um über drei wichtige Punkte abzustimmen:

  • Aktienzusammenlegung (Reverse Stock Split): Satzungsänderung zur Durchführung eines 1-zu-15 Reverse Splits der ausstehenden Stammaktien. Dieser Schritt soll die Einhaltung der Nasdaq-Listenanforderungen von $1,00 Mindestgebotspreis und $2,5 Mio. Eigenkapital nach mehreren Mängelmitteilungen wiederherstellen. Bruchstücke von Aktien werden auf die nächste ganze Aktie aufgerundet.
  • Genehmigung gemäß Nasdaq-Regel 5635: Ermächtigung zur Ausgabe von bis zu $10 Millionen Stammaktien im Rahmen eines Standby Equity Purchase Agreement (SEPA), das am 1. Juli 2025 mit YA II PN, Ltd. unterzeichnet wurde. Yorkville wird Aktien mit einem 4 %igen Abschlag auf den volumengewichteten Durchschnittskurs (VWAP) kaufen, mit einer Austauschgrenze von 19,99 %, sofern die Aktionäre keine höhere Ausgabe genehmigen. Zudem gilt eine Grenze für wirtschaftliches Eigentum von 4,99 %.
  • Verschiebungsvorschlag: Ermöglichung der Vertagung der Versammlung, um bei Bedarf weitere Stimmen einzuholen.

Die Nasdaq hat POAI eine Fristverlängerung bis zum 8. Dezember 2025 gewährt, um die Listungsmängel zu beheben; ein Nichterfüllen der Anforderungen nach dem Reverse Split würde zur Delistung führen. Das Management argumentiert, dass der Split institutionelle Eigentümer erweitern, Transaktionskosten senken und die strategische Flexibilität durch Erhöhung des Pools genehmigter, aber nicht ausgegebener Aktien erhöhen könnte. Risiken umfassen möglichen Kursrückgang nach dem Split, geringere Liquidität, höhere Kosten für Odd-Lot-Handel und Verwässerung durch SEPA-Verkäufe.

Der Vorstand empfiehlt einstimmig, allen drei Vorschlägen ZUZUSTIMMEN. Aktionäre, die am Stichtag 2025 eingetragen sind, haben eine Stimme pro Aktie.

Positive
  • Extension to 8 Dec 2025 granted by Nasdaq Hearings Panel, providing time to regain full compliance.
  • Proposed $10 m Standby Equity Purchase Agreement offers flexible, near-term capital access without immediate debt.
Negative
  • Nasdaq delisting risk remains if bid price falls below $1 within 12 months post-split or equity remains under $2.5 m.
  • 1:15 reverse split and SEPA could cause significant shareholder dilution and reduced liquidity.
  • Reverse split effectively increases authorized but unissued shares, enabling future dilutive issuances and potential anti-takeover use.

Insights

TL;DR: Reverse split seeks Nasdaq compliance; SEPA adds liquidity; both signal capital stress but preserve listing option.

The filing underscores POAI’s urgent need to maintain its Nasdaq Capital Market listing. A 1:15 reverse split can mechanically lift the bid price, yet does nothing to improve fundamentals and may reduce liquidity. Still, preserving Nasdaq status is critical for market access and investor perception. The $10 m SEPA provides a backstop for near-term working capital but is dilutive and priced at a 4 % discount to VWAP. The Board obtained a listing extension to 8 Dec 2025, buying time but setting a hard deadline. Overall impact is balanced: positive for survivability, negative for dilution and execution risk.

TL;DR: Proposals enhance board flexibility but heighten dilution, anti-takeover and odd-lot risks.

The reverse split increases authorized yet unissued shares, equipping directors with capital-raising ammunition while potentially deterring hostile bids. However, shareholders face larger relative ownership erosion, especially under the SEPA which could exceed 20 % of pre-split shares if approved. The company discloses that Nasdaq’s January 2025 rule change removes any second compliance grace period if the price falls below $1 within a year of the split—raising the stakes. Governance risk stems from concentration of issuance power and reliance on an external financier with a capped 4.99 % ownership that limits alignment. Investors should weigh the necessity of maintaining the listing against these structural drawbacks.

Predictive Oncology Inc. (POAI) terrà un'Assemblea Straordinaria degli Azionisti nel 2025 per votare su tre punti chiave:

  • Frazionamento azionario inverso: modifica dello statuto per attuare un frazionamento inverso 1-per-15 delle azioni ordinarie in circolazione. Questa misura mira a ripristinare la conformità con i requisiti di quotazione Nasdaq di prezzo minimo di offerta di $1,00 e patrimonio netto azionario di $2,5 milioni dopo diversi avvisi di non conformità. Le azioni frazionarie saranno arrotondate per eccesso al numero intero più vicino.
  • Approvazione Regola Nasdaq 5635: autorizzare l'emissione fino a $10 milioni in azioni ordinarie nell'ambito di un Accordo di Acquisto Azionario Standby (SEPA) firmato il 1 luglio 2025 con YA II PN, Ltd. Yorkville acquisterà le azioni con uno sconto del 4% sul prezzo medio ponderato per volume (VWAP), soggetto a un limite di scambio del 19,99% a meno che gli azionisti non approvino un'emissione superiore. Si applica inoltre un limite di proprietà effettiva del 4,99%.
  • Proposta di Rinviare l'Assemblea: consentire il rinvio della riunione per raccogliere ulteriori voti, se necessario.

Nasdaq ha concesso a POAI una proroga fino all'8 dicembre 2025 per correggere le carenze di quotazione; il mancato rispetto dei requisiti dopo il frazionamento inverso comporterebbe la cancellazione dalla quotazione. La direzione sostiene che il frazionamento potrebbe ampliare la proprietà istituzionale, ridurre i costi di transazione e aumentare la flessibilità strategica aumentando il numero di azioni autorizzate ma non emesse. I rischi includono un possibile calo del prezzo delle azioni dopo il frazionamento, minore liquidità, maggiori costi di negoziazione di lotti irregolari e diluizione derivante dalle vendite SEPA.

Il Consiglio raccomanda all'unanimità di votare FAVOREVOLMENTE su tutte e tre le proposte. Gli azionisti registrati alla data di riferimento del 2025 hanno diritto a un voto per azione.

Predictive Oncology Inc. (POAI) celebrará una Junta Especial de Accionistas en 2025 para votar sobre tres puntos clave:

  • Consolidación inversa de acciones: enmienda estatutaria para realizar una consolidación inversa de 1 por 15 de las acciones comunes en circulación. Esta medida busca recuperar el cumplimiento con los estándares de cotización de Nasdaq de precio mínimo de oferta de $1.00 y patrimonio neto de accionistas de $2.5 millones tras múltiples avisos de incumplimiento. Las acciones fraccionarias se redondearán al número entero más cercano hacia arriba.
  • Aprobación de la Regla Nasdaq 5635: autorizar la emisión de hasta $10 millones en acciones comunes bajo un Acuerdo de Compra de Acciones en Espera (SEPA) firmado el 1 de julio de 2025 con YA II PN, Ltd. Yorkville comprará acciones con un descuento del 4 % sobre el VWAP, sujeto a un límite de intercambio del 19.99 % a menos que los accionistas aprueben una emisión mayor. También se aplica un límite de propiedad beneficiosa del 4.99 %.
  • Propuesta de aplazamiento: permitir el aplazamiento de la reunión para solicitar votos adicionales si es necesario.

Nasdaq ha concedido a POAI una prórroga hasta el 8 de diciembre de 2025 para corregir sus deficiencias de cotización; el incumplimiento de los requisitos tras la consolidación inversa provocaría la exclusión de la lista. La dirección argumenta que la consolidación podría ampliar la propiedad institucional, reducir los costos de transacción e incrementar la flexibilidad estratégica al aumentar el número de acciones autorizadas pero no emitidas. Los riesgos incluyen una posible caída del precio de las acciones tras la consolidación, menor liquidez, mayores costos de negociación de lotes irregulares y dilución por ventas SEPA.

La Junta recomienda por unanimidad votar A FAVOR de las tres propuestas. Los accionistas registrados en la fecha de registro de 2025 tienen derecho a un voto por acción.

Predictive Oncology Inc.(POAI)ëŠ� 2025ë…„ì— íŠ¹ë³„ 주주ì´íšŒë¥� 개최하여 ì„� 가지 주요 안건ì—� 대í•� 투표í•� 예정입니ë‹�.

  • 역병í•� 주ì‹: 발행 ì¤‘ì¸ ë³´í†µì£¼ì˜ 1대 15 ì—­ë³‘í•©ì„ ìœ„í•œ ì •ê´€ 수정. ì� 조치ëŠ� 여러 차례ì� 결격 통지 í›� Nasdaqì� $1.00 최저 ìž…ì°°ê°€ ë°� $250ë§� 주주ìžë³¸ ìƒìž¥ 기준ì� 회복하기 위한 것입니다. 소수 주ì‹ì€ ê°€ìž� 가까운 정수 주ì‹ìœ¼ë¡œ 올림 처리ë©ë‹ˆë‹�.
  • Nasdaq 규칙 5635 승ì¸: 2025ë…� 7ì›� 1ì� YA II PN, Ltd.와 ì²´ê²°í•� 대ê¸� ì£¼ì‹ ë§¤ìž… 계약(SEPA)ì—� ë”°ë¼ ìµœëŒ€ $1,000ë§�ì� 보통ì£� 발행 승ì¸. Yorkvilleì€ VWAP 대ë¹� 4% í• ì¸ë� ê°€ê²©ì— ì£¼ì‹ì� 매입하며, 주주가 ë� ë†’ì€ ë°œí–‰ì� 승ì¸í•˜ì§€ 않는 í•� 19.99% êµí™˜ 한ë„ê°€ ì ìš©ë©ë‹ˆë‹�. 4.99%ì� 실질 소유 한ë„ë� ì ìš©ë©ë‹ˆë‹�.
  • 연기 제안: í•„ìš” ì‹� 추가 투표ë¥� 요청하기 위해 íšŒì˜ ì—°ê¸° 허용.

Nasdaqì€ POAIì—� ìƒìž¥ 결격 사항ì� í•´ê²°í•� ìˆ� 있ë„ë¡� 2025ë…� 12ì›� 8ì�까지 연장ì� 허가했습니다. 역병í•� í›� 요건 미충ì¡� ì‹� ìƒìž¥íì§€ë� ìˆ� 있습니다. ê²½ì˜ì§„ì€ ë³‘í•©ì� 기관 소유ë¥� 확대하고 거래 비용ì� 낮추ë©�, 승ì¸ë˜ì§€ ì•Šì€ ì£¼ì‹ í’€ì� 늘려 ì „ëžµì � ìœ ì—°ì„±ì„ ë†’ì¼ ìˆ� 있다ê³� 주장합니ë‹�. 위험으로ëŠ� 병합 í›� 주가 í•˜ë½ ê°€ëŠ¥ì„±, 유ë™ì„� ê°ì†Œ, 소액ì£� 거래 비용 ì¦ê°€, SEPA íŒë§¤ë¡� ì¸í•œ í¬ì„ ë“±ì´ ìžˆìŠµë‹ˆë‹¤.

ì´ì‚¬íšŒëŠ” ì„� 가지 제안 모ë‘ì—� 대í•� 만장ì¼ì¹˜ë¡� 찬성 투표ë¥� 권고합니ë‹�. 2025ë…� 기준ì� 현재 주주ëŠ� 주당 1í‘œì˜ íˆ¬í‘œê¶Œì„ ê°€ì§‘ë‹ˆë‹�.

Predictive Oncology Inc. (POAI) tiendra une Assemblée Générale Spéciale des Actionnaires en 2025 pour voter sur trois points clés :

  • Regroupement d'actions inversé : modification des statuts pour effectuer un regroupement inverse de 1 pour 15 des actions ordinaires en circulation. Cette mesure vise à retrouver la conformité avec les critères de cotation du Nasdaq de prix d'offre minimum de 1,00 $ et fonds propres des actionnaires de 2,5 millions de $ après plusieurs avis de non-conformité. Les fractions d'actions seront arrondies à l'action entière la plus proche vers le haut.
  • Approbation de la règle Nasdaq 5635 : autoriser l'émission jusqu'à 10 millions de $ d'actions ordinaires dans le cadre d'un Accord d'Achat d'Actions en Attente (SEPA) signé le 1er juillet 2025 avec YA II PN, Ltd. Yorkville achètera les actions avec une décote de 4 % par rapport au VWAP, sous réserve d'un plafond d'échange de 19,99 % sauf approbation d'une émission plus élevée par les actionnaires. Une limite de propriété bénéficiaire de 4,99 % s'applique également.
  • Proposition de report : permettre le report de la réunion pour solliciter des votes supplémentaires si nécessaire.

Le Nasdaq a accordé à POAI une prolongation jusqu'au 8 décembre 2025 pour remédier à ses manquements de cotation ; le non-respect des exigences après le regroupement entraînerait une radiation. La direction soutient que le regroupement pourrait élargir la propriété institutionnelle, réduire les coûts de transaction et accroître la flexibilité stratégique en augmentant le nombre d'actions autorisées mais non émises. Les risques incluent une possible baisse du cours après le regroupement, une liquidité moindre, des coûts plus élevés pour les transactions en lots irréguliers et une dilution due aux ventes SEPA.

Le Conseil d'administration recommande à l'unanimité de voter POUR les trois propositions. Les actionnaires inscrits à la date d'enregistrement 2025 disposent d'une voix par action.

Predictive Oncology Inc. (POAI) wird 2025 eine außerordentliche Hauptversammlung der Aktionäre abhalten, um über drei wichtige Punkte abzustimmen:

  • Aktienzusammenlegung (Reverse Stock Split): Satzungsänderung zur Durchführung eines 1-zu-15 Reverse Splits der ausstehenden Stammaktien. Dieser Schritt soll die Einhaltung der Nasdaq-Listenanforderungen von $1,00 Mindestgebotspreis und $2,5 Mio. Eigenkapital nach mehreren Mängelmitteilungen wiederherstellen. Bruchstücke von Aktien werden auf die nächste ganze Aktie aufgerundet.
  • Genehmigung gemäß Nasdaq-Regel 5635: Ermächtigung zur Ausgabe von bis zu $10 Millionen Stammaktien im Rahmen eines Standby Equity Purchase Agreement (SEPA), das am 1. Juli 2025 mit YA II PN, Ltd. unterzeichnet wurde. Yorkville wird Aktien mit einem 4 %igen Abschlag auf den volumengewichteten Durchschnittskurs (VWAP) kaufen, mit einer Austauschgrenze von 19,99 %, sofern die Aktionäre keine höhere Ausgabe genehmigen. Zudem gilt eine Grenze für wirtschaftliches Eigentum von 4,99 %.
  • Verschiebungsvorschlag: Ermöglichung der Vertagung der Versammlung, um bei Bedarf weitere Stimmen einzuholen.

Die Nasdaq hat POAI eine Fristverlängerung bis zum 8. Dezember 2025 gewährt, um die Listungsmängel zu beheben; ein Nichterfüllen der Anforderungen nach dem Reverse Split würde zur Delistung führen. Das Management argumentiert, dass der Split institutionelle Eigentümer erweitern, Transaktionskosten senken und die strategische Flexibilität durch Erhöhung des Pools genehmigter, aber nicht ausgegebener Aktien erhöhen könnte. Risiken umfassen möglichen Kursrückgang nach dem Split, geringere Liquidität, höhere Kosten für Odd-Lot-Handel und Verwässerung durch SEPA-Verkäufe.

Der Vorstand empfiehlt einstimmig, allen drei Vorschlägen ZUZUSTIMMEN. Aktionäre, die am Stichtag 2025 eingetragen sind, haben eine Stimme pro Aktie.

0001070081false00010700812025-08-052025-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 5, 2025

PTC THERAPEUTICS, INC.

(Exact Name of Company as Specified in Charter)

Delaware

    

001-35969

    

04-3416587

(State or Other Jurisdiction

(Commission

(IRS Employer

of Incorporation)

File Number)

Identification No.)

500 Warren Corporate Center Drive

    

Warren, NJ

07059

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (908) 222-7000

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

    

Trading Symbol(s)

    

Name of each exchange on which registered

Common Stock, $0.001 par value per share

PTCT

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 1.01. Entry into a Material Definitive Agreement.

On August 5, 2025, PTC Therapeutics, Inc. (the “Company”), certain of the former securityholders of Censa Pharmaceuticals, Inc., a Delaware corporation (“Censa”), and, for the limited purposes set forth in the agreement, Shareholder Representative Services LLC, a Colorado limited liability company (“SRS”), entered into a Rights Satisfaction Agreement (the “Rights Satisfaction Agreement”), pursuant to which such former securityholders of Censa (the “Participating Rightsholders”) agreed to the cancellation and forfeiture of their rights to receive certain payments based on worldwide annual net sales by the Company of products containing sepiapterin (“Net Sales of Product”) under that certain Agreement and Plan of Merger, dated May 5, 2020, by and among the Company, Censa, Hydro Merger Sub, Inc., a Delaware corporation, and SRS, solely in its capacity as the representative, agent and attorney-in-fact of the securityholders of Censa, (the “Merger Agreement”), in exchange for the consideration set forth in the Rights Satisfaction Agreement and further detailed below.

Pursuant to the terms of the Rights Satisfaction Agreement, the Participating Rightsholders have canceled and forfeited their rights under the Merger Agreement to receive a percentage of annual net sales during the applicable payment term equal to (i) 8% of annual Net Sales of Product for that portion of annual Net Sales of Product less than or equal to $250.0 million, (ii) 10% of annual Net Sales of Product for that portion of annual Net Sales of Product greater than $250.0 million but less than $500.0 million and (iii) 12% of annual Net Sales of Product for that portion of annual Net Sales of Product greater than $500.0 million (collectively, the “Net Sales Payments”).

In consideration of the foregoing, the Company agreed to pay to the Participating Rightsholders an aggregate amount in cash up to $250.0 million (the “Upfront Consideration”) upon the consummation of the transactions contemplated by the Rights Satisfaction Agreement (the “Closing”) and potential milestone payments (each an “Additional Milestone Payment”) of up to $100.0 million each (or up to $500.0 million in the aggregate) based on the achievement of specified Net Sales Thresholds (as defined in the Merger Agreement). The amount of the Upfront Consideration and the Additional Milestone Payments was subject to adjustment in the Rights Satisfaction Agreement based on the number of Participating Rightsholders.

At the Closing, based on the participation of former Censa securityholders holding approximately 90% of Censa’s equity securities prior to the consummation of the transactions contemplated by the Merger Agreement, the Company paid an aggregate amount of Upfront Consideration in cash of approximately $225.0 million. Additionally, the Company is obligated to make Additional Milestone Payments in an amount equal to approximately $90.0 million upon achievement of each of the (i) first occurrence of a three or fewer consecutive calendar year period in which aggregate Net Sales of Product are greater than $3.0 billion, (ii) first occurrence of a five or fewer consecutive calendar year period in which aggregate Net Sales of Product are greater than $5.0 billion, (iii) first occurrence of a seven or fewer consecutive calendar year period in which aggregate Net Sales of Product are greater than $7.0 billion, (iv) first occurrence of a nine or fewer consecutive calendar year period in which aggregate Net Sales of Product are greater than $9.0 billion and (v) first occurrence of an 11 or fewer consecutive calendar year period in which aggregate Net Sales of Product are greater than $11.0 billion. If, after the Closing, any additional former securityholder of Censa executes and delivers a joinder to the Rights Satisfaction Agreement and becomes a party thereto, the Company will pay such former securityholder an amount in cash equal to such former securityholder’s applicable pro rata share of the Upfront Consideration (less any Net Sale Payments previously received) and any Additional Milestone Payments that become payable to Participating Rightsholders under the Rights Satisfaction Agreement.

The Rights Satisfaction Agreement has no effect on the Merger Agreement other than to provide for the cancellation and forfeiture of the Participating Rightsholders’ rights to receive the Net Sales Payments described above. As a result, all other rights and obligations under the Merger Agreement remain in effect pursuant to their terms, including, without limitation, the Company's obligation to pay certain contingent payments upon the achievement of certain development and Net Sales of Product milestones.

The Rights Satisfaction Agreement contains customary representations, warranties and covenants of the Company and the Participating Rightsholders and provided for a simultaneous signing and closing.

The foregoing description of the Rights Satisfaction Agreement is not complete and is qualified in its entirety by reference to the full text of the Rights Satisfaction Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending September 30, 2025.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

PTC Therapeutics, Inc.

Date: August 7, 2025

By:

/s/ Pierre Gravier

Name:

Pierre Gravier

Title:

Chief Financial Officer

FAQ

What is the reverse stock split ratio proposed by POAI?

The Board is asking shareholders to approve a 1-for-15 reverse stock split of outstanding common shares.

Why does Predictive Oncology need a reverse split?

The company must raise its share price above $1.00 and meet equity thresholds to maintain its Nasdaq listing before 8 Dec 2025.

How much capital can POAI raise under the SEPA?

Up to $10 million in common stock can be sold to YA II PN, Ltd. at a 4 % discount to VWAP.

Will the SEPA issuances dilute existing shareholders?

Yes. Issuing shares beyond the 19.99 % cap requires approval and would proportionally dilute current ownership.

What happens if shareholders do not approve the Nasdaq Proposal?

Issuances under the SEPA will be limited to 1,921,706 shares, reducing available funding and potentially hindering compliance efforts.

When is the record date for voting eligibility?

Only stockholders of record at the close of business on the yet-to-be-specified 2025 record date may vote at the Special Meeting.
Ptc Therapeutics

NASDAQ:PTCT

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4.05B
77.30M
2.4%
101.69%
7.28%
Biotechnology
Pharmaceutical Preparations
United States
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