Aditxt, Inc. announced a private placement of a senior note of the original principal amount of $93,918.75 for the gross proceeds of $75,135.00 to an accredited investor on May 20, 2024. The note will mature on August 18, 2024 unless earlier redeemed subject to extension at the option of the holder in certain circumstances as provided in the note. The note bears interest at a rate of 8.5% per annum, which is compounded each calendar month and is payable in arrears on the maturity date.

The note is a redeemable, senior, unsecured obligation of the company, ranking senior to all other unsecured indebtedness of the company. Upon the occurrence of an event of default, the interest rate shall be increased to 18% per annum and the holder may require the company to redeem the note, subject to an additional 5% redemption premium.