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RENNOVA HEALTH, INC., ANNOUNCES THE EXPIRATION OF WARRANTS TO PURCHARE OVER FOUR HUNDRED BILLION COMMON SHARES
RENNOVA HEALTH, INC., ANNOUNCES THE EXPIRATION OF WARRANTS TO PURCHARE OVER FOUR HUNDRED BILLION COMMON SHARES
WEST PALM BEACH, Fla., March 26, 2024 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) announces that certain Series A, B and C warrants to purchase approximately 403,788,906,644 shares of common stock expired on March 21, 2024, and that on March 20, 2024, the Company and certain institutional warrant holders agreed that, with regard to Series B Warrants to acquire 101,350,000,000 shares of common stock, subject to certain terms, the termination date of such Warrants would be extended from March 21, 2024 to December 31, 2025.
"The expiration of such a large number of warrants significantly reduces potential dilution to common shareholders," said Seamus Lagan, CEO of Rennova, "and extending a number of warrants as agreed, preserves the Company's ability to access additional capital through warrant exercises if market conditions permit."
About Rennova Health, Inc.
Rennova Health, Inc. ("Rennova,") is a provider of health care services. The Company owns one operating hospital in Oneida, Tennessee known as Big South Fork Medical Center, a hospital located in Jamestown, Tennessee that it plans to reopen, and an alcohol and drug treatment facility and an office-based treatment facility ("OBOT") operated by Myrtle Recovery Centers, Inc.
For more information, please visit
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company's most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Contact:
Rennova Health
561-855-1626
info@rennovahealth.com
WEST PALM BEACH, Fla., March 26, 2024 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) announces that certain Series A, B and C warrants to purchase approximately 403,788,906,644 shares of common stock expired on March 21, 2024, and that on March 20, 2024, the Company and certain institutional warrant holders agreed that, with regard to Series B Warrants to acquire 101,350,000,000 shares of common stock, subject to certain terms, the termination date of such Warrants would be extended from March 21, 2024 to December 31, 2025.
佛罗里达州西棕榈滩,2024年3月26日(GLOBE NEWSWIRE)——Rennova Health, Inc.(场外交易代码:RNVA)宣布,购买约403,788,906,644股普通股的某些A、B和C系列认股权证于2024年3月21日到期,该公司和某些机构认股权证持有人同意收购103,788,906,644股普通股 13.5亿股普通股,在遵守某些条款的前提下,此类认股权证的终止日期将从2024年3月21日延长至2025年12月31日。
"The expiration of such a large number of warrants significantly reduces potential dilution to common shareholders," said Seamus Lagan, CEO of Rennova, "and extending a number of warrants as agreed, preserves the Company's ability to access additional capital through warrant exercises if market conditions permit."
Rennova首席执行官西莫斯·拉根说:“如此大量的认股权证的到期大大减少了普通股股东的潜在稀释风险,如果市场条件允许,按照协议延长认股权证的期限将保持公司通过认股权证行使获得额外资本的能力。”
About Rennova Health, Inc.
关于 Rennova Health, Inc
Rennova Health, Inc. ("Rennova,") is a provider of health care services. The Company owns one operating hospital in Oneida, Tennessee known as Big South Fork Medical Center, a hospital located in Jamestown, Tennessee that it plans to reopen, and an alcohol and drug treatment facility and an office-based treatment facility ("OBOT") operated by Myrtle Recovery Centers, Inc.
Rennova Health, Inc.(“Rennova”)是一家医疗保健服务提供商。该公司在田纳西州奥尼达拥有一家名为Big South Fork医疗中心的运营医院,一家计划重新开放的位于田纳西州詹姆斯敦的医院,以及一家由默特尔康复中心公司运营的酒精和药物治疗设施和办公室治疗设施(“OBOT”)。
For more information, please visit
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Forward-Looking Statements
前瞻性陈述
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company's most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
本新闻稿包括1995年《美国私人证券诉讼改革法》安全港条款所指的 “前瞻性陈述”。实际结果可能与预期不同,因此,您不应依赖这些前瞻性陈述来预测未来事件。诸如 “期望”、“估计”、“项目”、“预算”、“预测”、“预期”、“打算”、“计划”、“可能”、“可以”、“应该”、“相信”、“预测”、“潜力”、“继续” 等词语旨在识别此类前瞻性陈述。这些前瞻性陈述涉及重大风险和不确定性,可能导致实际结果与预期结果存在重大差异。有关这些和其他风险因素的其他信息包含在公司向美国证券交易委员会提交的最新文件中。公司提醒读者不要过分依赖任何前瞻性陈述,这些陈述仅代表截至发表之日。除非法律要求,否则公司不承担或接受任何义务或承诺,即公开发布任何前瞻性陈述的任何更新或修订,以反映其预期的任何变化或任何此类陈述所依据的事件、条件或情况的任何变化。
Contact:
Rennova Health
561-855-1626
info@rennovahealth.com
联系人:
雷诺瓦健康
561-855-1626
info@rennovahealth.com
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