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ChromaDex Enters Shareholder Agreement

November 11, 2015 | Contact Author | By: Mino Zaccaro
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Keywords: chromadex | shareholders | news

Abstract: Proceeds will be used for additional working capital.

ChromaDex announced that it has entered an agreement with three of its largest existing shareholders - Dr. Philip Frost and two former chairmen, Barry Honig and Michael Brauser - to purchase $2,000,000 of the company's stock in a registered direct offering.

Proceeds from the transaction will be used for additional working capital as well as to meet stockholder equity requirements for a potential uplisting for the company's shares on a national exchange.