Cash Flow And FundingCash on hand at quarter-end only provides sufficient funding through the end of 3Q24.
Financial StabilityVirpax did not consummate a ≥$5M financing with an institutional investor as previously agreed upon, increasing the risk that the financing cannot be completed.
Leadership StabilityVirpax's CEO and CFO both resigned, along with multiple board members, due to disagreements with execution of policies, practices, and procedures.