RE: Summit fund raise in January 2021 but no RNS22 Jan 2021 20:17
My reply from Summit this afternoon
It would appear all is ok but I have today Sold 3,900 shares at a small loss & now retain 1,400 shares.My Sales were on the basis that I could not risk loosing a substantial part of my investment.
I would add that after all these years (many) I have made a loss of £144 but now I will just sit back & watch.
Reply below:
Chris,
I hope you are well, and thank you for your note.
The filings with the SEC in January are mainly to finalize the process regarding the shares that were issued in November based on our capital raising efforts at that time. I’ve included the link to our press release that was issued to announce the closing of this funding here: hxxps://www.summittxinc.com/app/uploads/2020/11/2020_PR_22_Financing-closed.pdf
The filings in January register the shares that were issued to those who participated in the fundraising, and also covers some shares as a part of previous fundraisings in late 2019 and 2020 to complete the process. This is not a new fundraising effort beyond what we’ve previously disclosed.
Please let me know if you have any further questions, as I am happy to help.
Best,
Dave
Dave Gancarz
Vice President, Investor Relations & Corporate Strategy
A picture containing object, lamp, drawing, light Description automatically generated