This FAQ is intended to answer certain questions pertaining to Ekso Bionics Holdings, Inc. (“Ekso Bionics” or the “Company”). This information was last updated on October 26, 2016 and should be considered current only as of that date. The Company does not undertake to update this information.
Is Ekso Bionics aware of an article published by TheStreetSweeper on October 19, 2016 and its contents?
Ekso Bionics is aware of the article that was published by TheStreetSweeper on October 19, 2016. The Company believes that it was unfairly attacked and disparaged in an article posted on a website whose owners hold a short position in the Company and stand to profit on future declines in the Company’s stock price. While the Company fully respects the right of third parties to express their opinion regarding the Company, it takes issue where such expression is laden with misleading and selective information and when, as the Company believes is the case, such expression is intended to drive down the Company’s stock price. Based on the allegations in the article, the Company believes that the author either purposefully ignored or failed to learn the true facts about the Company, its products and the developments that have occurred since the Company became public in January 2014.
Is Ekso Bionics aware of the cases brought by the Securities and Exchange Commission and Department of Justice against Adam Gottbetter?
The Company is aware of the cases brought by the Securities and Exchange Commission and the Department of Justice against Adam Gottbetter. While Mr. Gottbetter represented the Company in the reverse merger completed in early 2014, he is not currently affiliated with the Company in any way. Mr. Gottbetter has never been an employee, officer or director of the Company and has not held any other insider position at the Company.
To date, the Company has not been contacted by the Securities and Exchange Commission or the Department of Justice regarding Mr. Gottbetter.
What is the Company’s policy regarding responding to commentary, speculations or opinions expressed in non-expert forums or financial blogs?
It is the Company’s general policy not to respond to commentary, speculations or opinions expressed in non-expert forums or financial blogs. The Company, therefore, currently does not intend to respond further to the misstatements and selective information contained in the above-referenced TheStreetSweeper article.