Precipio, Inc. Terminates Material Definitive Agreement
Ticker: PRPO · Form: 8-K · Filed: Sep 3, 2025 · CIK: 1043961
| Field | Detail |
|---|---|
| Company | Precipio, Inc. (PRPO) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $0.1 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, 8-K, filing
TL;DR
Precipio just terminated a big deal, filing an 8-K on Sept 3, 2025.
AI Summary
On September 3, 2025, Precipio, Inc. filed an 8-K to report the termination of a material definitive agreement. The filing also includes financial statements and exhibits related to this event. No specific details regarding the agreement or its termination were provided in the excerpt.
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 often signals significant business challenges or strategic shifts that could affect the company's performance.
Key Players & Entities
- Precipio, Inc. (company) — Registrant
- September 3, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 001-36439 (identifier) — Commission File Number
- 91-1789357 (identifier) — I.R.S. Employer Identification No.
- 4 Science Park, New Haven, CT 06511 (address) — Principal executive offices
- 203 787-7888 (phone_number) — Registrant's telephone number
FAQ
What was the specific material definitive agreement that Precipio, Inc. terminated?
The provided excerpt does not specify the details of the material definitive agreement that was terminated.
What are the reasons for the termination of the material definitive agreement?
The filing excerpt does not disclose the reasons behind the termination of the agreement.
When was the material definitive agreement originally entered into?
The filing excerpt does not provide the original date of the material definitive agreement.
What are the potential financial or operational impacts of this termination on Precipio, Inc.?
The excerpt does not detail the potential impacts of the agreement's termination on Precipio, Inc.'s finances or operations.
Are there any exhibits attached to this 8-K filing that provide more information?
The filing indicates that financial statements and exhibits are included, but their specific content regarding the termination is not detailed in the excerpt.
Filing Stats: 611 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2025-09-03 16:00:34
Key Financial Figures
- $0.01 — ge on which registered Common Stock, $0.01 par value per share PRPO Nasdaq Capit
- $0.1 m — the Sales Agreement for net proceeds of $0.1 million, after deducting commissions and
Filing Documents
- tm2525140d1_8k.htm (8-K) — 27KB
- tm2525140d1_ex99-1.htm (EX-99.1) — 11KB
- tm2525140d1_ex99-1img001.jpg (GRAPHIC) — 7KB
- 0001104659-25-086995.txt ( ) — 212KB
- prpo-20250903.xsd (EX-101.SCH) — 3KB
- prpo-20250903_lab.xml (EX-101.LAB) — 33KB
- prpo-20250903_pre.xml (EX-101.PRE) — 22KB
- tm2525140d1_8k_htm.xml (XML) — 3KB
02
Item 1.02 Termination of a Material Definitive Agreement As previously disclosed, on April 14, 2023, Precipio, Inc. (the "Company") entered into that certain Sales Agreement (the "Sales Agreement") with A.G.P./Alliance Global Partners ("A.G.P."), pursuant to which the Company could offer and sell through or to AGP, as sales agent, shares of its common stock, par value $0.01 per share (the "Common Stock"), in sales deemed to be an "at the market offering" (as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended). Effective as of September 2, 2025, the Company terminated the Sales Agreement. Following the termination of the Sales Agreement, the Company may not offer or sell any additional shares of Common Stock under the Sales Agreement. From April 14, 2023 to September 2, 2025, the Company sold 11,847 shares of Common Stock pursuant to the Sales Agreement for net proceeds of $0.1 million, after deducting commissions and offering expenses. The foregoing description of the Sales Agreement is not complete and is qualified in its entirety by reference to the full text of the Sales Agreement, a copy of which was filed as Exhibit 1.1 to the Company's 8-K filed with the Securities and Exchange Commission on April 17, 2023, and is incorporated by reference herein. A copy of the press release announcing termination of the Sales Agreement is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 99.1 Press Release issued by Precipio, Inc. on September 3, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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: September 3, 2025