May. 15 at 11:09 AM
$INDP Indaptus Therapeutics Reports First Quarter 2026 Financial Results and Provides Corporate Update
https://www.globenewswire.com/news-release/2026/05/15/3295732/0/en/indaptus-therapeutics-reports-first-quarter-2026-financial-results-and-provides-corporate-update.html
New CEO Junyi Dai reiterates that they "remain focused on supporting and advancing its therapeutic and research activities." As part of their evaluation of Decoy, they are reassessing the Company’s development priorities, operating initiatives, and resource allocation (see screenshots).
• Confirms all outstanding Series AA and Series AAA preferred shares were converted.
• 113,242,324 shares outstanding as of March 31 (after conversion of preferred shares)
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$1.5M cash on hand as of March 31