Gene One Says VGXI Negotiates Delay in USD 4 Million Buyback Deposit Payment
Bitget2026/11/02 09:13- Gene One Life Science corrected its disclosure: VGXI is negotiating to defer a USD 4 million deposit due Oct. 30, 2026.
- The Conroe plant repurchase agreement automatically terminates if the deposit is not paid by the payment deadline.
- The total repurchase price is USD 39.9 million, with the USD 35.9 million balance due Dec. 15, 2026.
- The repurchase option deadline was extended to Dec. 15, 2026, from Sept. 1, 2026.
- A further correction will follow once an amended agreement deferring the deposit payment is signed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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