Aditxt, Inc. (ADTX) has released an update.
Aditxt, Inc. has experienced defaults on its secured notes due in January and September 2024 after failing to meet a payment deadline, leading to an immediate obligation to repay the full principal balances. The defaults have also triggered breaches on two business loans, with balances totaling approximately $7.9 million, putting the company at risk of the lenders demanding full repayment. Aditxt is negotiating with lenders to resolve the situation, but there’s no guarantee of a favorable outcome. The financial instability could significantly impact the company’s liquidity and operational results.
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