Chromocell Issues Letter to Stockholders from Chief Executive Officer
We transferred $2.2 million in liabilities to Chromocell Corporation in exchange for 2,600 shares of Series C Convertible Redeemable Preferred Stock (“Series C Preferred Stock”).
- We transferred $2.2 million in liabilities to Chromocell Corporation in exchange for 2,600 shares of Series C Convertible Redeemable Preferred Stock (“Series C Preferred Stock”).
- Our CEO has agreed to further defer a considerable portion of his accrued compensation, affirming the belief in Chromocell’s mission.
- We truly feel that our IPO and recent therapeutic development activities have positioned Chromocell for long term growth and success.
- I wish to thank you for your support and remain a resource to each of you as we move forward.