Lucid Diagnostics to be deconsolidated from PAVmed's financial statements [Seeking Alpha]
PAVmed Inc. (PAVM)
US:NASDAQ Investor Relations:
ir.pavm.com
Company Research
Source: Seeking Alpha
As a result, PAVmed will no longer report consolidated financials reflecting Lucid's operating losses. PAVmed's holdings of Lucid common stock ( LUCD ) remain unchanged, and the value of these holdings will be reported going forward as an asset on its balance sheet, substantially increasing the company's stockholder's equity, PAVmed ( PAVM ) said. "The deconsolidation was effectuated by changing the composition of PAVmed's board of directors, and as a result of it no longer controlling a majority of the voting interests in Lucid." Efforts also include appointment of seasoned biotech investor Sundeep Agrawal, M.D. to board to replace departing directors. The deconsolidation does not affect PAVmed's holdings of Lucid common stock and PAVmed remains Lucid's largest shareholder. It is also the first in a series of steps that the company is seeking to take in order to regain compliance with the Nasdaq continued listing standards. Recommended For You More Trending News Recomm
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PAVM
News
- Lucid Diagnostics Submits Clinical Evidence Package to MolDX Seeking Medicare Coverage for EsoGuard® Esophageal DNA Test [Yahoo! Finance]Yahoo! Finance
- Lucid Diagnostics to Present at the Canaccord Genuity MedTech, Diagnostics and Digital Health & Services Forum [Yahoo! Finance]Yahoo! Finance
- PAVmed Inc (PAVM) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Restructuring [Yahoo! Finance]Yahoo! Finance
- PAVmed Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- PAVmed Provides Business Update and Third Quarter 2024 Financial ResultsPR Newswire
PAVM
Earnings
- 11/14/24 - Beat
PAVM
Analyst Actions
- 9/10/24 - Ascendiant Capital
PAVM
Sec Filings
- 11/21/24 - Form PRE
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- PAVM's page on the SEC website