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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Akers Biosciences, Inc.    AKER

AKERS BIOSCIENCES, INC.

(AKER)
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AKERS BIOSCIENCES, INC. : Other Events (form 8-K)

11/13/2020 | 05:38pm EST

Item 8.01 Other Events.

We previously disclosed in our Current Report on Form 8-K dated November 12, 2020 (as subsequently amended by our Current Report on Form 8-K/A dated on November 13, 2019) (collectively, the "November 12 8-K") that our private placement of 9,765,933 shares of our common stock and warrants to purchase 9,765,933 shares of our common stock resulting in aggregate gross proceeds to us of approximately $18.1 million (the "Private Placement") would close simultaneously with the consummation of our Agreement and Plan of Merger and Reorganization with MyMD Pharmaceuticals, Inc. and XYZ Merger Sub, Inc. (also reported in the November 12 8-K). Notwithstanding the prior disclosure, the Private Placement is expected to close on or around November 16, 2020.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2019 1,58 M - -
Net income 2019 -3,89 M - -
Net cash 2019 9,68 M - -
P/E ratio 2019 -0,50x
Yield 2019 -
Capitalization 25,1 M 25,1 M -
EV / Sales 2018 5,19x
EV / Sales 2019 -3,83x
Nbr of Employees 12
Free-Float 84,1%
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Managers and Directors
NameTitle
Christopher C. Schreiber President & Chief Executive Officer
Joshua Nathaniel Silverman Chairman
Stuart Benson Chief Financial Officer
Bill Joe White Independent Non-Executive Director
Robert C. Schroeder Independent Non-Executive Director
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