2021-01-18 12:44:07 ZOM Zomedica
01/18/21 01/1812:44 01/18/2112:44 | Zomedica regained compliance with NYSE American's listing standardsZomedica said in a letter to shareholders: "We at Zomedica are excited as we enter 2021 ready for a year of positive events. As a result of the recent increase in the price of our common shares over the last several weeks, investors have been exercising their outstanding warrants, which has resulted in Zomedica receiving more than $40 million of additional cash though January 15, 2021. This additional infusion of cash further enhances our already very healthy balance sheet. Our cash and cash equivalents now are in excess of $90 million, net of all capital and operating expenditures from the fourth quarter. We expect that this amount will be sufficient to fund operations at least through calendar year 2023. Our goal is to be cash-flow positive at that point. On January 12, 2021, the NYSE American LLC notified Zomedica that it successfully has regained compliance with the NYSE American's continued listing standards related to price per share set forth in Section 1003 of the NYSE American Company Guide...We are, of course, approaching our planned March 30th commercial launch of TRUFORMA, our point-of-care diagnostic platform. Commercialization plans remain on track and we are beginning to build inventory." |
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