# Co-Diagnostics, Inc. (CODX) — capital_return/recapitalization [pending]
Source: SEC API (secapi.ai) · situation sit_3f447049c93ab5f63ca5 · retrieved 2026-08-11T16:11:57.645Z

## Overview
Co-Diagnostics, Inc. is a medical instruments and apparatus company engaged in diagnostic testing and related services.

On July 30, 2026, Co-Diagnostics, Inc. entered into an inducement agreement with warrant holders to exercise existing warrants to purchase 1,702,362 shares of common stock at $1.571 per share. In exchange, the Company agreed to issue new common stock purchase warrants to purchase 3,404,724 shares at an exercise price of $1.56 per share, with a five-year term from stockholder approval. The Company expects to receive approximately $2.67 million in gross proceeds from the exercise of the existing warrants. The closing is expected to occur on or about August 3, 2026, subject to customary closing conditions. The Company will use net proceeds for general corporate purposes.

## Terms
- Counterparty: Warrant holders · Deal value: $2.7M · Consideration: cash · Price/share: $1.56

## Key dates
- Announced 2026-07-31 · Expected close 2026-08-03

## Timeline
- 2026-07-31 · 8-K (0001493152-26-035553): 8-K - Co-Diagnostics, Inc. — *Co-Diagnostics, Inc. is a medical instruments and apparatus company engaged in diagnostic testing and related services.* On July 30, 2026, Co-Diagnostics, Inc. entered into an inducement agreement with warrant holders to exercise existing warrants to purchase 1,702,362 shares of common stock at $1.571 per share. In exchange, the Company agreed to issue new common stock purchase warrants to purchase 3,404,724 shares at an exercise price of $1.56 per share, with a five-year term from stockholder approval. The Company expects to receive approximately $2.67 million in gross proceeds from the exercise of the existing warrants. The closing is expected to occur on or about August 3, 2026, subject to customary closing conditions. The Company will use net proceeds for general corporate purposes.
  https://www.sec.gov/Archives/edgar/data/1692415/0001493152-26-035553.txt

## Citations
- 0001493152-26-035553 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226035553