Item 8.01 Other Events.
Mymetics Corporation (the "Company") has been conducting a process to explore
strategic alternatives to enhance shareholder value. The Board authorized
management and its external advisors to initiate such a process, and it has been
considering a broad range of strategic alternatives including a potential sale
of part or all of the Company.
In connection therewith, the Company, through its external advisors, has
requested bids (the "Bid Process") for any combination of assets (including but
not limited to as a going concern), by February 24, 2023 at 5:00 pm ET (the "Bid
Deadline"). To the extent the Company determines there are viable bids by or
prior to the Bid Deadline, the Company anticipates pursuing those in due
course. To the extent the Company determines there are no viable bids provided
by or prior the Bid Deadline, the Company may consider other alternatives,
including the wind up of its operations shortly after the Bid Deadline.
There can be no assurance that the Bid Process will result in a sale of part or
all of the Company or other change or outcome.
The Company has retained Rock Creek Advisors as financial advisor and McDermott,
Will & Emery LLP as legal counsel in connection with the Bid Process.
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