Precipio, Inc. Terminates Material Definitive Agreement
Ticker: PRPO · Form: 8-K · Filed: May 1, 2024 · CIK: 1043961
| Field | Detail |
|---|---|
| Company | Precipio, Inc. (PRPO) |
| Form Type | 8-K |
| Filed Date | May 1, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination
Related Tickers: PRPO
TL;DR
PRPO terminated a big deal, expect volatility.
AI Summary
Precipio, Inc. announced on May 1, 2024, the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, but it is a significant event for the company.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement introduces uncertainty regarding the company's business relationships and financial stability.
Key Players & Entities
- Precipio, Inc. (company) — Registrant
- May 1, 2024 (date) — Date of report
FAQ
What was the material definitive agreement that was terminated?
The filing does not specify the details of the material definitive agreement that was terminated.
Who was the counterparty to the terminated agreement?
The filing does not disclose the name of the counterparty to the terminated agreement.
What is the effective date of the termination?
The earliest event reported is May 1, 2024, which is also the date of the report and the date as of which the change is reported.
What are the potential financial implications of this termination for Precipio, Inc.?
The filing does not provide specific details on the financial implications of the termination.
Does this termination affect any ongoing business operations of Precipio, Inc.?
The filing indicates a 'Termination of a Material Definitive Agreement' as an item of information, suggesting a potential impact on business operations, but does not elaborate on the specifics.
Filing Stats: 396 words · 2 min read · ~1 pages · Grade level 12.5 · Accepted 2024-05-01 17:12:48
Key Financial Figures
- $0.01 — ge on which registered Common Stock, $0.01 par value per share PRPO Nasdaq Capit
Filing Documents
- tm2413231d1_8k.htm (8-K) — 22KB
- 0001104659-24-055829.txt ( ) — 189KB
- prpo-20240501.xsd (EX-101.SCH) — 3KB
- prpo-20240501_lab.xml (EX-101.LAB) — 33KB
- prpo-20240501_pre.xml (EX-101.PRE) — 22KB
- tm2413231d1_8k_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. On April 30, 2024, Precipio Inc. ("Precipio") terminated the Factoring Agreement with Culain Capital Funding, LLC, dated March 23, 2023 (the "Factoring Agreement"). Precipio did not incur any early termination penalties in connection with the termination of the Factoring Agreement. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PRECIPIO, INC. By: /s/ Ilan Danieli Name: Ilan Danieli Title: Chief Executive Officer Date: May 1, 2024