Business
ORHub, Inc. (ORHB) Provides 2017 Business Highlights and Sets Special Warrant Exercise Price
ORHub, Inc. (ORHB) Provides 2017 Business Highlights and Sets Special Warrant Exercise Price.
About this update from Orhub, Inc.
[{"type":"text","content":"\n \n \n ORHub, Inc. (ORHB) Provides 2017 Business Highlights and Sets Special Warrant Exercise Price\n \n \nORHub, Inc. (ORHB) Provides 2017 Business Highlights and Sets Special Warrant Exercise Price\n \n NEWPORT BEACH, CA--(Marketwired - Nov 22, 2017) - ORHub, Inc. (OTC: ORHB), an advanced digital software company focused on helping improve the bottom line of the surgical business and overall cost effectiveness of hospitals, today provides a business update and announces a special warrant exercise price of $0.35 per warrant for all Series. \n Recent Corporate Highlights \n \n \n Signed a 5-year revenue agreement (http://nnw.fm/t97Fx) with a three-hospital system in Southern California, recognized as one of the \"100 Great Hospitals in America\" by Becker's Hospital Review.\n \nEntered into an agreement with a US News & World Report Top 20 Medical School for a fully paid installation.\n \nSecured the commitment of three additional hospitals; implementation details and dates forthcoming in a future press release.\n \nExpanded our channels for revenue to include medical technology companies, as well as plans for product offerings to payors, pharmaceutical companies and government agencies.\n \n \n \"We are ahead of schedule on many fronts with the product, including releasing our full suite of surgical service lines by the end of the year,\" said Wesley Mitchell, CTO of ORHub. \"We have presented to more than 100 hospitals this year alone, with every one of them asking for either a proposal or an additional meeting with key business decision makers. We are also working closely with our existing customers to publish a series of white papers which will enable us to prove our value to future customers.\" \n Special Warrant Exercise Price \n ORHub also announces that all series of its outstanding warrants will have an immediate Special Exercise Price of $0.35 per warrant until December 31, 2017. As previously announced, the warrants will expire in accordance with their terms on December 31, 2017, and will not be further extended. ORHub currently has approximately 30 million warrants outstanding in five series (Series B, C, D, E and F) and approximately 130 million shares of common stock outstanding. \n ORHub's board of directors continues to review sources of financing, including combinations of debt and equity fi...