POLARITYTE, INC. (NASDAQ:COOL) Files An 8-K Other Events
Item 8.01
On April 28, 2020 PolarityTE, Inc. issued a press release stating that it received correspondence from the United States Securities and Exchange Commission (“SEC”) advising PolarityTE that the SEC’s investigation relating to a range of securities, financial, personnel, and other matters has concluded. The substance of the investigation was previously disclosed in PolarityTE’s reports filed with the SEC; most recently under the section “Risks Related to Our Common Stock” under Item 1A. Risk Factors of PolarityTE’s annual report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March 12, 2020. The correspondence states that, based on the information the SEC has received to date, the SEC Staff does not intend to recommend an enforcement action by the SEC against PolarityTE.
About POLARITYTE, INC. (NASDAQ:COOL)
PolarityTE, Inc., formerly Majesco Entertainment Company, is a technology company. The Company has developed, marketed, published and distributed software through online platforms. The Company develops applications for gaming on computers, handheld devices and game consoles. The Company is the owner of patent applications and know-how related to regenerative medicine and tissue engineering, as well as software applications used in diagnosis and treatment related to regenerative medicine. It seeks to develop and obtain regulatory approval for technology that will utilize a patient’s own tissue substrates for the regeneration of skin, bone, muscle, cartilage, fat, blood vessels and nerves. Its PolarityTE platform simplifies regeneration and allows cells to function naturally. The platform can be applied across all cells, tissues and composite structures. Its platform induces cell and tissue polarity, and creates functional tissue that mirrors natural development in the human body.
