Aditxt, Inc. To Showcase Innovative Solutions at 8th Annual Dawson James Conference\n\nAditxt, Inc. (NASDAQ:ADTX), a leading biotech company focused on immune diseases, will be presenting at the 8th Annual Dawson James Conference on October 12, 2023. The conference, held at the Wyndam Grand Jupiter in Jupiter, Florida, will feature Aditxt’s Chief Executive Officer, Amro Albanna.\n\nThe conference provides an ideal platform for Aditxt to highlight its diverse innovation portfolio, which includes Adimune™, Inc., Adivir™, Inc., and Pearsanta™, Inc. These companies are dedicated to developing and commercializing new treatments for organ rejection, infectious diseases, and personalized lab testing.\n\nAditxt’s mission of Making Promising Innovations Possible, Together is supported by its strong ecosystem of research institutions, industry partners, and shareholders. The company’s headquarters are located in Richmond, Virginia, with operations in California and New York.\n\nThe 8th Annual Dawson James Conference is hosted by Dawson James Securities, a full-service investment banking firm specializing in capital raising for small and microcap companies. This conference provides Aditxt with a valuable opportunity to connect with potential partners and investors.\n\nIn a recent interview on The Bell2Bell Podcast, Aditxt’s CEO, Amro Albanna, discussed the company’s business model and its focus on immune diseases. Albanna emphasized the importance of maintaining a balanced immune response and how Aditxt’s innovative technologies aim to address both underactive and overactive immune systems.\n\nAditxt’s participation in the 8th Annual Dawson James Conference is a testament to its commitment to advancing the field of immune diseases and providing innovative solutions for patients. With a strong portfolio and partnerships, Aditxt is a promising player in the biotech industry.\n\n

ReShape Lifesciences Announces Warrant Exercise Agreement and Cost Reduction Plan\n\nReShape Lifesciences, Inc. (Nasdaq:RSLS) has recently entered into a warrant exercise agreement with an existing accredited investor to exercise outstanding warrants to purchase an aggregate of 5,382,500 shares of the company's common stock. This agreement is part of the company's efforts to reduce operating expenses in 2024 by over 40% compared to 2023.\n\nIn consideration for the immediate exercise of the existing warrants for cash, the exercising holder received new unregistered warrants to purchase up to an aggregate of 10,765,000 shares of the company's common stock. The company also agreed to reduce the exercise price of the 5,382,500 exercised warrants and 6,960,351 remaining unexercised warrants to $0.23, which is equal to the most recent closing price of the company's common stock on The Nasdaq Capital Market prior to the execution of the warrant exercise agreement.\n\nThe new warrants will become exercisable six months following issuance at an initial exercise price of $0.23 per share, which is subject to reduction as set forth in the new warrants if approved by the Company's stockholders in accordance with the rules of the Nasdaq Stock Market, and have a term of exercise equal to five and one-half years. The company also agreed to file a resale registration statement within 30 days with respect to the new warrants and the shares of common stock issuable upon exercise of the new warrants and to hold a meeting of its stockholders to seek approval of the potential reduction of the exercise price of the new warrants.\n\nThe gross proceeds to the company from the exercise of the existing warrants was approximately $1.2 million, prior to deducting placement agent fees and estimated offering expenses. The company intends to use the net proceeds for commercial growth, working capital and general corporate purposes.\n\nMaxim Group LLC acted as the exclusive warrant inducement agent and financial advisor for the transaction.\n\nReShape Lifesciences® is America's premier weight loss and metabolic health-solutions company, offering an integrated portfolio of proven products and services that manage and treat obesity and metabolic disease. The FDA-approved Lap-Band® System provides minimally invasive, long-term treatment of obesity and is an alternative to more invasive surgical stapling procedures such as the gastric bypass or sleeve gastrectomy. The investigational Diabetes Bloc-Stim Neuromodulation™ (DBSN™) system utilizes a proprietary vagus nerve block and stimulation technology platform for the treatment of type 2 diabetes and metabolic disorders. The Obalon® balloon technology is a non-surgical, swallowable, gas-filled intra-gastric balloon that is designed to provide long-lasting weight loss.\n\nIn November, in response to continued pressure on the company's revenue caused by the adoption of the new ASC 606 revenue recognition standard, the company implemented a cost reduction plan to reduce operating expenses in 2024 by over 40% compared to 2023. \n\nIn a ReShape Lifesciences has announced a warrant exercise agreement and a cost reduction plan, showcasing its commitment to financial stability and growth.