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Endonovo Therapeutics, Inc. and Kodiak Capital Group, LLC Announce Settlement and Dismissal of Lawsuit
Endonovo Therapeutics, Inc. and Kodiak Capital Group, LLC Announce Settlement and Dismissal of Lawsuit.
About this update from Endonovo Therapeutics, Inc.
[{"type":"text","content":"\n \n \n Endonovo Therapeutics, Inc. and Kodiak Capital Group, LLC Announce Settlement and Dismissal of Lawsuit\n \n \nEndonovo Therapeutics, Inc. and Kodiak Capital Group, LLC Announce Settlement and Dismissal of Lawsuit\n \n LOS ANGELES, CA--(Marketwired - Sep 22, 2017) -  Endonovo Therapeutics, Inc. (OTCQB: ENDV) (\"Endonovo\" or the \"Company\"), a developer of non-invasive electroceuticals for the treatment of vascular diseases and inflammatory conditions, and Kodiak Capital Group, LLC (\"Kodiak\"), a private equity firm, today announced a settlement agreement and dismissal of complaints and cross-complaints arising out of a contemplated equity investment by Kodiak in Endonovo.\n The claims and cross-claims were negotiated and amicably resolved by the parties without any admission of wrongdoing. Kodiak is returning to Endonovo 2,101,524 shares of common stock of Endonovo, and Endonovo is paying $80,000 to Kodiak from sums deposited with the Court in July 2016 in connection with injunction proceedings. In addition, Endonovo and Kodiak are terminating their Securities Purchase Agreement, Equity Purchase Agreement, and Registration Rights Agreement. Endonovo and Kodiak are also dismissing their claims against each other.\n About Endonovo Therapeutics\n Endonovo Therapeutics, Inc. is a leading developer of bioelectronic-applications in cell therapies and non-invasive electroceuticals. Endonovo's Immunotronics™ platform is dedicated to treating patients with life-threatening inflammatory conditions in vital organs using proprietary non-invasive electroceutical devices. The Company's non-invasive platform is based on magnetically-induced electrical field pathways that target the disruption of inflammation and cell death.\n The Company's Cytotronics™ platform harnesses the bulk electrical properties of cells and tissues, namely magnetically-induced electrical field pathways to expand and enhance the therapeutic potential of cell therapies and produce next-generation biologics.\n Investors: Sign Up for Email Alerts on Endonovo\n Safe Harbor Statement\n This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained i...