Renovaro Says Predictive Oncology Terminates Merger Deal; Shares Fall-February 2024-www.financetom.com

Renovaro Says Predictive Oncology Terminates Merger Deal; Shares Fall

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Renovaro Says Predictive Oncology Terminates Merger Deal; Shares Fall

Apr 4, 2025 8:22 AM

11:07 AM EDT, 04/04/2025 (MT Newswires) -- Renovaro ( RENB ) said Friday that it received an email from Predictive Oncology ( POAI ) on April 3 terminating the companies' merger transaction.

Renovaro ( RENB ) said that Predictive Oncology ( POAI ) remains bound by the original agreement and must sign an exclusive license agreement as outlined in the binding documents.

Failure to do so will result in "legal remedies to recover all its damages and/or seek additional remedies to fully redress the breaches," Renovaro ( RENB ) said.

Renovaro ( RENB ) shares were down by nearly 13% in recent trading, while Predictive Oncology ( POAI ) was down 7%.

Predictive Oncology ( POAI ) did not immediately respond to a request for comment from MT Newswires.

Price: 0.40, Change: -0.07, Percent Change: -14.27

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