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Theranos offers shares to dodge lawsuits

Mar. 24, 2017 2:05 AM ETTheranos (THERA) StockTHERABy: Yoel Minkoff, SA News Editor3 Comments
  • Theranos (THERA) founder Elizabeth Holmes plans to give out personal shares in the company to investors who promise not to sue her or the blood-testing firm, WSJ reports.
  • Investors could get about two additional shares for each one they bought, meaning the effective cost would be lowered to about $5.
  • Though Theranos raked in more than $600M in its latest funding rounds, it now has about $150M or less in cash, excluding debt.

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