Aditxt, Inc. announced that it has entered into definitive agreements to issue 1,000,000 common shares at an issue price of $10 per share for the gross proceeds of $10,000,000 on August 31, 2023. The company also issued warrants in connection with the transaction. The warrants will be exercisable immediately upon issuance and expire five and one-half years from the date of issuance.

The private placement is expected to close on or about September 5, 2023, subject to the satisfaction of customary closing conditions. The securities described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registered under the Securities Act, or applicable state securities laws. The exercise price of the warrants is $10 per share.