Renovaro Inc. Accelerates 2025 Lawsuit to Force Predictive Oncology Merger

Renovaro Inc. (NASDAQ:RENB) stated that the Delaware Court of Chancery has granted an expedited trial to its action against Predictive Oncology Inc. (NASDAQ:POAI), which was filed on May 9, 2025.

Renovaro Inc. Accelerates 2025 Lawsuit to Force Predictive Oncology Merger

A laboratory technician researching a sample of cells in a biotechnology laboratory.

A binding merger agreement signed on January 1, 2025, which called for Predictive Oncology to merge into Renovaro Inc. (NASDAQ:RENB) in exchange for a new class of preferred stock, is being enforced in this action (No. 2025-0509). According to Renovaro’s complaint, POAI violated the terms of exclusivity and good faith by launching a $545,000 public securities offering on February 19, 2025, and then making an attempt to unilaterally end the agreement on April 3, 2025. Renovaro Inc. (NASDAQ:RENB) is seeking damages, injunctive relief, and specific performance.

The case focuses on a Letter Agreement that caused POAI’s share price to rise by more than 50% and was made public in a January 6, 2025, Form 8-K. Renovaro Inc. (NASDAQ:RENB) asserts that POAI’s activities, which breached the agreed-upon confidentiality and did not participate in substantive negotiations toward a final agreement, violated the conditions of the merger.

Renovaro Inc. (NASDAQ:RENB) is a TechBio business that specializes in cancer treatments, drug development, and diagnostics. Among its subsidiaries are BioSymetrics (AI for precision neurology), RenovaroBio (cell-gene immunotherapy), and RenovaroCube (AI-driven diagnostics and drug development). Concerns about shareholder value and legal attempts to uphold M&A agreements are brought to light in this case.

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