Precipio terminates at-the-market instrument with Alliance Global

Precipio (PRPO) has terminated its ATM instrument with investment bank Alliance Global Partners. “Our company is in a much stronger position today than it was when we entered into this structure. With our elimination of negative cash flow from operations, and our recent increases of our cash balance, we now have confidence that we no longer have to rely on a tool like this for capital raises for the company,” said Ilan Danieli, Precipio’s CEO. “Management is committed to creating shareholder value, and this termination is one more step in that direction.”