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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange
Act of 1934
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Filed by the Registrant
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Filed by a Party other than the Registrant
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Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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PREDICTIVE ONCOLOGY INC.
(Name of
Registrant as Specified In Its Charter)
(Name of Person(s) Filing
Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule
0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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Proposed maximum aggregate value of transaction:
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify
the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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i
PREDICTIVE ONCOLOGY INC.
2915 Commers Drive, Suite 900
Eagan, Minnesota 55121
Telephone: (651) 389-4800
AMENDMENT TO
PROXY STATEMENT
FOR THE ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON DECEMBER 18, 2019
The following section of the Proxy Statement dated November 25, 2019 entitled “Related
Party Transactions” is hereby amended and restated to correct certain typographical errors.
RELATED PARTY TRANSACTIONS
One of the Company’s directors, Richard L. Gabriel, is the Chief Operating Officer
and serves as a director of GLG Pharma (“GLG”). Another Company director, Tim Krochuk, is on the supervisory board
for GLG. The Company and GLG have a partnership agreement with the Company’s wholly owned subsidiary Helomics Holding Corporation
for the purpose of bringing together their proprietary technologies to build out personalized medicine platform for the diagnosis
and treatment of women’s cancer. There has been no revenue or expenses generated by this partnership to date.
On May 1, 2019, Mr. Gabriel executed a one-year contract with renewable three-month periods
to continue as Chief Operating Officer for TumorGenesis, the Company’s wholly owned subsidiary. Mr. Gabriel will receive
$13,500 in monthly cash payments.
On November 30, 2018, our CEO, Carl Schwartz, made an investment of $370,000 in the Company
and received a note and a common stock purchase warrant for 22,129 warrant shares at $8.36 per share. Effective as of January 8,
2019, Dr. Schwartz made an additional investment of $950,000 and received an amended and restated note in the original principal
amount of $1,320,000 and an amended and restated warrant, which added a second tranche of 74,219 warrant shares at an exercise
price of $7.04. Each tranche is exercisable beginning on the sixth month anniversary of the date of the related investment through
the fifth-year anniversary of the date of the related investment.
On January 8, 2019, Dr. Schwartz also purchased 7,813 shares of the Company’s common
stock in a private investment for $50,000, representing a price of $6.40 per share, pursuant to a subscription agreement.
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On February 6, 2019, Dr. Schwartz made an additional investment of $300,000 in the Company
and received an amended and restated note in the original principal amount of $1,620,000 and an amended and restated warrant, which
added a third tranche of 13,889 warrant shares at an exercise price of $11.88 per share. On May 21, 2019, the Company issued a
third amended and restated common stock purchase warrant to Dr. Schwartz the Company’s CEO for value received in connection
with the funding of all or a portion of the purchase price of his second amended and restated promissory note in the principal
amount of $1,620,000. On February 1, 2019 and the first day of each calendar month thereafter while the mote and the warrant remain
outstanding, a number of additional shares will be added to the warrant shares (“Additional Warrant Shares”) equal
to (1) one-half percent (1/2%) of the outstanding principal balance of the note on such date, divided by (2) $7.04, with the number
of Additional Warrant Shares to be rounded to the nearest number of whole shares. The principal change effected by the third amended
and restated common stock purchase warrant was to clarify the formula for the calculation of the Additional Warrant Shares. The
current principal balance of the note is $1,620,000, and therefore, under the amended formula, Dr. Schwartz is currently receiving
rights under the warrant to purchase Additional Warrant Shares on the first day of each month equal to 1,151 shares of common stock
at $7.04 per share.
On May 9, 2019, Dr. Schwartz advanced $75,000 to the Company, on May 30, 2019, he advanced
$200,000 to the Company, and on July 15, 2019 he advanced $25,000 to the Company. The loan earns 8% interest and was due on September
13, 2019, pursuant to an amended and restated note. Dr. Schwartz agreed to extend the maturity date until December 31, 2019. The
loan is not connected to the previous note payable due to Dr. Schwartz and does not affect the warrant calculations regarding that
note’s interest.
4817-0567-9790, v. 1
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