Cash Position
The company has -1.6 months of cash left based on the quarterly cash burn of $2.74 M and estimated current cash of $-1.50 M
Commentary on Financial Condition
Predictive Oncology is facing significant financial challenges, with substantial and recurring losses from operations and an accumulated deficit of $180.4 million as of December 31, 2024. The company has limited cash resources, with only $734,673 in cash and cash equivalents, and is not expected to generate sufficient operating revenue to sustain its operations in the near term, raising substantial doubt about its ability to continue as a going concern. To address these issues, the company is exploring various funding options, including equity financing and asset sales, but acknowledges that these may result in significant dilution to existing shareholders. Additionally, Predictive Oncology has entered into a merger agreement with Renovaro, contingent on a minimum fundraising of $15 million by Renovaro, which could provide a potential path forward if successfully executed., Filed At: 2025-03-31
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Nov 20, 2024
Equity
NCM
OPEN
Predictive Oncology Inc. received a notice from Nasdaq on November 22, 2024, indicating non-compliance with the minimum stockholders' equity requirement, as their equity was reported at $1,966,969, below the required $2.5 million. The company has until January 6, 2025, to submit a compliance plan, with a potential extension of up to 180 days if the plan is accepted. Filed At: 2024-11-22.
Previous Splits
Date
Split
4/24/2023
20 to 1
10/29/2019
10 to 1
10/28/2016
25 to 1
Shelf
Title | Raisable Amt | Offering Amt | Amt Sold Last 12 Mos | Float | 60 Day High | Price to Exceed Baby Shelf | Float Value | Exp Date | Effective date | |
|---|---|---|---|---|---|---|---|---|---|---|
May 2024 SHELF & ATM | $743,734.00 | $200.00 M | 4241334 | 8.85 M | 1.69 | 8.48 | 14.96 M | 5/22/2027 | 5/22/2024 | |
May 2024 SHELF & ATM | $743,734.00 | $200.00 M | 4241334 | 8.85 M | 1.69 | 8.48 | 14.96 M | 5/22/2027 | 5/22/2024 | |
EXPIRED-April 2021 SHELF | Offering amount: $250,000,000.00 | Float: 2,197,012 | $743,734.00 | $250.00 M | 4241334 | 8.85 M | 1.69 | 8.48 | 14.96 M | 5/6/2024 | 5/6/2021 |
ATM
Title | ATM Remaining | Offering Amt | Exp Date | Shr Amt | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|
ATM | Offering amount: $1,491,000 | Amount sold to date: $4,240,852 | Float: 8,818,454 | $743,734.00 | $1.49 M | - | - | H.C. Wainwright & Co. | Apr 18, 2025 | 424B5 | |
May 2024 SHELF & ATM | $743,734.00 | $200.00 M | 5/22/2027 | - | - | May 21, 2024 | S-3 | |
May 2024 SHELF & ATM | $743,734.00 | $200.00 M | 5/22/2027 | - | - | May 3, 2024 | S-3 |
Warrants
Title | Registered | Remaining Warrants | Ex Price | Cost Basis | Total Warrants | Owners | Bank | Price Protection | Details | Exercisable Date | Expiration Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
July 2024 -Series B Warrants | Registered | 958,117 | $1.07 | - | 958,117 | Armistice, Intracoastal, Cavalry, Lind Global, Bigger Capital, District 2, KBB | Customary Anti-Dilution | - | - | Jul 26, 2024 | |||
July 2024 -Series A Warrants | Registered | 958,117 | $1.07 | - | 958,117 | Armistice, Intracoastal, Cavalry, Lind Global, Bigger Capital, District 2, KBB | Customary Anti-Dilution | - | - | Jul 26, 2024 | |||
May 2022 - Warrants | Registered | - | $1.32 | - | 191,864 | Armistice, Bigger Capital, District 2, Intracoastal | N/A | - | - | May 18, 2022 | |||
June 2021 - Warrants | Registered | - | $1.32 | - | 776,045 | N/A | N/A | - | - | Jun 16, 2021 | |||
February 2021 - Warrants | Registered | 226,094 | $40.00 | - | 226,094 | 3i, Alpha Capital Anstalt, Alto, Anson, Armistice, BPY, Bigger Capital, Boothbay, Brio, CVI, Cavalry, District 2, FiveT, Intracoastal, Iroquois, KBB, L1, Lind Global, Nomis Bay | Customary Anti-Dilution | - | - | Feb 22, 2021 | |||
February 2021 - Warrants | Registered | 105,555 | $40.00 | - | 105,555 | 3i, Alpha Capital Anstalt, Alto, Anson, Armistice, BPY, Bigger Capital, Boothbay, Brio, CVI, Cavalry, District 2, FiveT, Intracoastal, Iroquois, KBB, L1, Lind Global, Nomis Bay | Customary Anti-Dilution | - | - | Feb 16, 2021 | |||
January 2021 - Warrants | Registered | 85,374 | $27.40 | - | 85,374 | Alpha Capital Anstalt, Armistice, Brio, CVI, Cavalry, FiveT, Intracoastal, Iroquois, L1 | Customary Anti-Dilution | - | - | Jan 22, 2021 | |||
January 2021 - Warrants | Registered | 55,000 | $14.00 | - | 55,000 | Alpha Capital Anstalt, Armistice, Brio, CVI, Cavalry, FiveT, Intracoastal, Iroquois, L1 | Customary Anti-Dilution | - | - | Jan 21, 2021 | |||
January 2021 - Warrants | Registered | 91,271 | $16.80 | - | 91,271 | Alpha Capital Anstalt, Armistice, Brio, CVI, Cavalry, FiveT, Intracoastal, Iroquois, L1 | Customary Anti-Dilution | - | - | Jan 12, 2021 | |||
June 2020 - Warrants | Registered | 69,841 | $16.91 | - | 69,841 | Armistice, Sabby | N/A | - | - | Jun 26, 2020 |
Convertibles
Title | Registered | Shares Remaining | Cv Price | $ Amt Remaining | Total $ Amt | Owners | Bank | Price Protection | Details | Convertible Date | Maturity Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
February 2020 - - Convertible | Not Registered | 0 | $11.20 | $0.00 | $1,450,000.00 | Oasis | Variable Rate | - | - | Feb 5, 2020 | |||
September 2019 - - Convertible | Not Registered | 0 | $11.20 | $0.00 | $2,015,833.00 | Oasis | Variable Rate | - | - | Sep 27, 2019 |
Completed Offerings
Title | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Owners | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
ASSET SALE | $625.00 k | - | - | - | - | - | Mar 20, 2025 | 8-K | |
PRIVATE PLACEMENT & MERGER | $500.00 k | 467.29 k | - | - | - | - | Mar 5, 2025 | 8-K | |
REGISTERED OFFERING | $545.00 k | 363.34 k | $1.50 | - | H.C. Wainwright & Co., LLC | - | Feb 19, 2025 | 8-K | |
ATM USED | $3.70 M | 1.61 M | $2.30 | - | - | - | Nov 12, 2024 | 10-Q | |
WARRANT EXERCISE | $1.26 M | 958.12 k | $1.32 | 1.92 M | HC Wainwright | Armistice, Bigger Capital, District 2, Intracoastal | Jul 26, 2024 | 8-K | |
REGISTERED OFFERING | $7.20 M | 600.00 k | $12.00 | 191.86 k | HC Wainwright | Armistice, Bigger Capital, District 2, Intracoastal | May 16, 2022 | 8-K | |
REGISTERED OFFERING | $21.34 M | 776.05 k | $27.60 | 776.05 k | HC Wainwright | - | Jun 14, 2021 | 8-K | |
PRIVATE PLACEMENT | $17.64 M | 452.19 k | $39.00 | 226.09 k | HC Wainwright | 3i, Alpha Capital Anstalt, Alto, Anson, Armistice, BPY, Bigger Capital, Boothbay, Brio, CVI, Calvary, District 2, FiveT, Intracoastal, Iroquois, KBB, L1, Lind Global, Nomis Bay | Feb 18, 2021 | 8-K | |
REGISTERED OFFERING | $7.39 M | 211.11 k | $35.00 | 105.56 k | HC Wainwright | 3i, Alpha Capital Anstalt, Alto, Anson, Armistice, BPY, Bigger Capital, Boothbay, Brio, Calvary, Intracoastal, Iroquois, KBB, Lind Global, Nomis Bay | Feb 11, 2021 | 8-K | |
REGISTERED OFFERING | $4.10 M | 170.75 k | $24.00 | 85.37 k | - | Alpha Capital Anstalt, Armistice, Brio, CVI, Calvary, FiveT, Intracoastal, Iroquois, L1 | Jan 22, 2021 | 8-K | |
REGISTERED OFFERING | $2.20 M | 110.00 k | $20.00 | 55.00 k | HC Wainwright | Alpha Capital Anstalt, Armistice, Brio, CVI, Calvary, FiveT, Intracoastal, Iroquois, L1 | Jan 19, 2021 | 8-K | |
REGISTERED OFFERING | $3.07 M | 182.54 k | $16.80 | 91.27 k | HC Wainwright | Alpha Capital Anstalt, Armistice, Brio, CVI, Calvary, FiveT, Intracoastal, Iroquois, L1 | Jan 8, 2021 | 8-K | |
REGISTERED OFFERING | $2.20 M | 69.84 k | $31.60 | 69.84 k | HC Wainwright | Armistice, Sabby | May 7, 2020 | 8-K | |
REGISTERED OFFERING | $3.17 M | 31.68 k | $100.00 | 0.00 | Dawson James | Lincoln Park | Oct 2, 2019 | 8-K | |
REGISTERED OFFERING | $1.20 M | 7.50 k | $160.00 | 3.75 k | Dawson James | - | Mar 27, 2019 | 8-K | |
REGISTERED OFFERING | $1.26 M | 7.00 k | $180.00 | 3.50 k | Dawson James | - | Feb 27, 2019 | 8-K | |
- | $2.75 M | 14.50 k | $190.00 | 4.35 k | Dawson James Securities, Inc. | - | Jan 8, 2018 | 424B5 |