Full Press Release Details
ADMA BIOLOGICS ADOPTS
LIMITED DURATION STOCKHOLDER RIGHTS PLAN
RAMSEY, N.J. and BOCA RATON, Fla., December
16, 2020 - ADMA Biologics, Inc. (Nasdaq: ADMA), an end-to-end commercial biopharmaceutical company dedicated to manufacturing,
marketing and developing specialty plasma-derived biologics, today announced that its Board of Directors has approved the adoption
of a limited duration stockholder rights plan and declared a dividend distribution of one right for each outstanding share of common
stock. The record date for such dividend distribution is December 30, 2020. The rights plan expires, without any further action
being required to be taken by ADMA's Board of Directors, on December 15, 2021.
The adoption of the rights plan is intended
to protect ADMA and its stockholders from the actions of third parties that ADMA's Board of Directors determines are not
in the best interests of ADMA and its stockholders, and to enable all stockholders to realize the full potential value of their
investment in ADMA. The rights plan was not adopted in response to any specific takeover proposal, any current accumulation of
shares, or any currently threatened or pending effort to acquire control of ADMA of which the Board of Directors is aware. The
rights plan was adopted to provide the Board of Directors with time to make informed decisions that are in the best long-term interests
of ADMA and its stockholders and does not prevent ADMA's Board of Directors from considering any offer to acquire ADMA that
it considers to be in the best interest of ADMA's stockholders.
The rights plan is similar to stockholder
rights plans adopted by other publicly-traded companies. Under the rights plan, the rights generally would become exercisable only
if a person or group acquires beneficial ownership of 10% or more of ADMA's common stock in a transaction or series of transactions
not approved by ADMA's Board of Directors. In that situation, each holder of a right (other than the acquiring person or
group, whose rights will become void and will not be exercisable) will have the right to purchase, upon payment of the exercise
price and in accordance with the terms of the rights plan, a number of shares of ADMA's common stock having a market value
of twice such price. In addition, if ADMA is acquired in a merger or other business combination after an acquiring person acquires
10% or more of ADMA's common stock, each holder of the right would thereafter have the right to purchase, upon payment of
the exercise price and in accordance with the terms of the rights plan, a number of shares of common stock of the acquiring person
having a market value of twice such price. The acquiring person or group would not be entitled to exercise these rights. In the
rights plan, the definition of "beneficial ownership" includes derivative securities.
Stockholders who beneficially owned 10%
or more of ADMA's outstanding common stock prior to the first public announcement by ADMA of the adoption of the rights plan
will not trigger the rights plan so long as they do not acquire beneficial ownership of any additional shares of common stock at
a time when they still beneficially own 10% or more of such common stock, subject to certain exceptions as set forth in the rights
Further details of the rights plan will
be contained in a Current Report on Form 8-K and in a Registration Statement on Form 8-A that ADMA will be filing with the Securities
and Exchange Commission (SEC). These filings will be available on the SEC's web site at www.sec.gov. Copies will also be
available at no charge on the Investors section of ADMA's corporate website at www.admabiologics.com.
Jefferies LLC acted as financial advisor
to ADMA in connection with the adoption of the rights plan. Morgan, Lewis & Bockius LLP is serving as legal advisor to ADMA.
About ADMA Biologics,
ADMA Biologics is an end-to-end American
commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty plasma-derived biologics for
the treatment of immunodeficient patients at risk for infection and others at risk for certain infectious diseases. ADMA currently
manufactures and markets three United States Food and Drug Administration (FDA) approved plasma-derived biologics for the treatment
of immune deficiencies and the prevention of certain infectious diseases: BIVIGAM (immune globulin intravenous, human) for
the treatment of primary humoral immunodeficiency (PI); ASCENIV (immune globulin intravenous, human - slra 10% liquid)
for the treatment of PI; and NABI-HB (hepatitis B immune globulin, human) to provide enhanced immunity against the hepatitis
B virus. ADMA manufactures its immune globulin products at its FDA-licensed plasma fractionation and purification facility located
in Boca Raton, Florida. Through its ADMA BioCenters subsidiary, ADMA also operates as an FDA-approved source plasma collector in
the U.S., which provides a portion of its blood plasma for the manufacture of its products. ADMA's mission is to manufacture,
market and develop specialty plasma-derived, human immune globulins targeted to niche patient populations for the treatment and
prevention of certain infectious diseases and management of immune compromised patient populations who suffer from an underlying
immune deficiency, or who may be immune compromised for other medical reasons. ADMA has received U.S. Patents: 9,107,906, 9,714,283,
9,815,886, 9,969,793 and 10,259,865 related to certain aspects of its products and product candidates. For more information, please
visit www.admabiologics.com.
Forward-Looking Statements
Any statements contained in this press
release that do not describe historical facts may constitute forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding
the anticipated benefits and expected consequences of the rights plan that ADMA has adopted. Such statements are identified by
use of the words "anticipates," "believes," "estimates," "expects," "intends,"
"plans," "predicts," "projects," "should," and similar expressions. Any forward-looking
statements contained herein are based on current expectations, but are subject to risks and uncertainties that could cause actual
results to differ materially from those indicated, including, but not limited to, the effectiveness of the rights plan in providing
the Board of Directors with time to make informed decisions that are in the best long-term interests of ADMA and its stockholders,
and other risk factors discussed from time to time in our filings with the SEC, including those factors discussed under the caption
"Risk Factors" in our most recent annual report on Form 10-K, filed with the SEC on March 13, 2020, and in subsequent
reports filed with or furnished to the SEC. ADMA assumes no obligation and does not intend to update these forward-looking statements,
except as required by law, to reflect events or circumstances occurring after today's date.
Director, Investor Relations and Corporate Strategy | 201-478-5552
INVESTOR RELATIONS CONTACT:
Managing Director, Argot Partners | 212-600-1902 | sam@argotpartners.com