– Firm will not be providing shares pursuant to the registration assertion –
MELVILLE, N.Y., April 03, 2024 (GLOBE NEWSWIRE) — BioRestorative Therapies, Inc. (“BioRestorative”, “BRTX” or the “Firm”) (NASDAQ:BRTX), a scientific stage firm centered on stem cell-based therapies, right now introduced the submitting of a registration assertion on Type S-1 with the Securities and Alternate Fee (the “SEC”). The registration assertion solely covers the resale by promoting securityholders of as much as 2,513,686 shares of frequent inventory of the Firm which can be issuable pursuant to the train of beforehand issued warrants. The submitting was made pursuant to registration rights granted to the promoting securityholders in reference to the issuance of the warrants to them.
The Firm’s Type S-1 registration assertion has been filed with the SEC however has not but turn out to be efficient. A replica of the Type S-1 submitting will be seen on the SEC’s web site at www.sec.gov, or will be obtained upon written request to the Firm at 40 Marcus Drive, Suite One, Melville, New York, 11747, Consideration: Secretary.
These shares will not be offered nor could gives to purchase be accepted previous to the time the registration assertion turns into efficient. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of those shares in any state wherein such provide, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any state.
About BioRestorative Therapies, Inc.
BioRestorative Therapies, Inc. (www.biorestorative.com) develops therapeutic merchandise utilizing cell and tissue protocols, primarily involving grownup stem cells. Our two core applications, as described under, relate to the therapy of disc/backbone illness and metabolic problems:
• Disc/Backbone Program (brtxDISC): Our lead cell remedy candidate, BRTX-100, is a product formulated from autologous (or an individual’s personal) cultured mesenchymal stem cells collected from the affected person’s bone marrow. We intend that the product will probably be used for the non-surgical therapy of painful lumbosacral disc problems or as a complementary therapeutic to a surgical process. The BRTX-100 manufacturing course of makes use of proprietary expertise and entails accumulating a affected person’s bone marrow, isolating and culturing stem cells from the bone marrow and cryopreserving the cells. In an outpatient process, BRTX-100 is to be injected by a doctor into the affected person’s broken disc. The therapy is meant for sufferers whose ache has not been alleviated by non-invasive procedures and who probably face the prospect of surgical procedure. Now we have commenced a Section 2 scientific trial utilizing BRTX-100 to deal with continual decrease again ache arising from degenerative disc illness.
• Metabolic Program (ThermoStem®): We’re creating a cell-based remedy candidate to focus on weight problems and metabolic problems utilizing brown adipose (fats) derived stem cells to generate brown adipose tissue (“BAT”). BAT is meant to imitate naturally occurring brown adipose depots that regulate metabolic homeostasis in people. Preliminary preclinical analysis signifies that elevated quantities of brown fats in animals could also be accountable for further caloric burning in addition to diminished glucose and lipid ranges. Researchers have discovered that individuals with greater ranges of brown fats could have a diminished threat for weight problems and diabetes.
Ahead-Trying Statements
This press launch incorporates “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended, and such forward-looking statements are made pursuant to the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995. You’re cautioned that such statements are topic to a large number of dangers and uncertainties that might trigger future circumstances, occasions or outcomes to vary materially from these projected within the forward-looking statements on account of numerous elements and different dangers, together with, with out limitation, these set forth within the Firm’s newest Type 10-Okay filed with the Securities and Alternate Fee. You must think about these elements in evaluating the forward-looking statements included herein, and never place undue reliance on such statements. The forward-looking statements on this launch are made as of the date hereof and the Firm undertakes no obligation to replace such statements.
CONTACT:
E mail: [email protected]
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