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PINK, the first pro bono ETF, donates all net profits to Susan G. Komen, the leading breast cancer organization. On its one-year anniversary, Simplify Asset Management presented a $100,000 check to Komen, symbolizing its commitment.
This donation stems from profits made in managing the Simplify Health Care ETF (PINK).
PINK is actively managed by seasoned investor Michael Taylor, focusing on investments in biotechnology and the healthcare industry.
The Simplify Health Care ETF (PINK) will donate all net profits from its management to Susan G. Komen, a prominent breast cancer organization. Actively managed by Michael Taylor, the ETF aims to provide investors with portfolio growth while supporting breast cancer research. With an expense ratio of 0.50% and a commitment to perpetual donations, the ETF aligns with National Breast Cancer Awareness Month and addresses urgent funding needs for research and patient care amid ongoing healthcare challenges.
Perimeter Medical Imaging AI, Inc. (TSX-V:PINK)(OTC:PYNKF) will be presenting at the Lytham Partners Spring 2021 Investor Conference on March 30, 2021, at 2:45 p.m. ET. CEO Jeremy Sobotta will provide a company overview highlighting their advanced imaging tools aimed at improving cancer surgery outcomes. The webcast can be accessed on the company's website, with an archived replay available after the event. Management will also engage in virtual one-on-one meetings during the conference, running from March 30 to April 1, 2021.
Perimeter Medical Imaging AI, Inc. (TSX-V:PINK) (OTC:PYNKF) has successfully accelerated the expiry of certain share purchase warrants, raising approximately $8.3 million from the exercise of about 4.3 million warrants. This included 3,412,196 warrants exercised after February 1, 2021, yielding $6.8 million in cash. The funds will support the commercialization of their OCT Imaging system, recently cleared for U.S. market entry. CEO Jeremy Sobotta highlighted the importance of this support, which enhances the company's development efforts in addressing unmet surgical needs.
Perimeter Medical Imaging AI has announced an acceleration of the expiry date for its warrants, originally issued on June 29, 2020. These warrants, which allow purchase of common shares at $2.00, will now expire on March 8, 2021. This decision was made as the company's common shares had a 15-day volume-weighted average trading price of $3.0860, exceeding the $3.00 threshold set in the Warrant Indenture. If all 2,694,575 outstanding warrants are exercised, the company could raise approximately $5.39 million.