1. Avant Technologies retracted a press release from September 24, 2025. 2. The retraction involved a non-existent Joint Venture and License Agreement. 3. No collaborative activities or milestones were established as previously stated. 4. Avant regrets the confusion and emphasizes accuracy in future communications.
The retraction of a strategic announcement can damage investor confidence. Similar past incidents have led to significant declines in stock prices, such as when companies retract acquisition news.
The article is critical for investors and stakeholders as it involves a major misstatement from the company. The potential implications of lost contracts or partnerships could influence AVAI's market position.
Immediate market reactions to miscommunications can trigger a swift negative effect on stock. Historical examples show that stock prices often correct quickly after a significant retraction.
LAS VEGAS, Sept. 24, 2025 /PRNewswire/ -- Avant Technologies, Inc. (OTCQB:AVAI) ('Avant' or the 'Company') today announced the retraction of its press release issued on September 24, 2025, regarding a purported Joint Venture and License Agreement with Art-Islets Pte. Ltd. and Austrianova (SGAustria Pte. Ltd.).
The September 24 release contained statements that were issued in error. No binding Joint Venture or License Agreement among Avant Technologies, Art-Islets, and Austrianova has been executed at this time. Accordingly, any descriptions of collaborative activities, technology contributions, or anticipated clinical development milestones contained in that release should not be relied upon.
Avant Technologies regrets the confusion caused by the earlier announcement and is committed to providing only accurate and verified information to its shareholders, partners, and the public.
For future updates and accurate Company information, please visit: https://avanttechnologies.com
Forward-Looking Statements
This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to risks and uncertainties. Actual results may differ materially. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. Avant Technologies undertakes no obligation to revise or update such statements.
Contact:
Investor Relations
Avant Technologies, Inc.
Email: info@avanttechnologies.com
Logo - https://mma.prnewswire.com/media/2370694/5528268/Avant_Technologies.jpg
View original content to download multimedia:https://www.prnewswire.com/news-releases/avant-technologies-inc-issues-retraction-of-september-24-2025-press-release-302566054.html
SOURCE Avant Technologies Inc.