Aditxt, Inc. announced that it has entered into a private placement agreement and issued secured promissory note in the principal amount of $2,625,000 for gross proceeds to the company of $1,750,000 on July 3, 2023. In connection with the issuance, the company issued 1,093,750 shares of its commitment Shares as a commitment fee to the investor. At the request of the investor, the Company issued 691,106 Commitment Shares and will issue the remaining 402,644 Commitment Shares within 120 days, subject to the investor?s discretion.

The note has a maturity date of December 31, 2023 and is convertible following shareholder approval and the occurrence of an event of default at a conversion price of $ 0.39 per share.