NEWPORT BEACH, California (November 3, 2017) ORHub, Inc. (OTC: ORHB), an advanced digital software company focused on real-time data analytics, today announces that all series of its outstanding warrants, scheduled to expire on December 31, 2017, will expire in accordance with their terms on such date and will not be further extended.
ORHub currently has approximately 30 million warrants outstanding in five series. As previously announced on June 21, 2017, the Series B and Series D warrants are exercisable at $0.50. The Series C, E, and F Warrants at are exercisable at $3.00, $4.00 and $4.00 respectively. ORHB’s board of directors is reviewing sources of financing, including combinations of debt and equity financings, to further expand the launch of the Company’s software platform into hospital chains throughout North America. The board also intends to monitor and review the performance of ORHub’s stock and may potentially reprice the warrants based on current market conditions prior to their expiration. Since July 1, 2017, ORHub has received approximately $4.7 million in equity and debt financings.
About ORHub, Inc.
ORHub, born from the Microsoft for Start-Ups program, is HIPAA-compliant advanced surgical software provider focused on Revolutionizing the Business of Surgery™ through the foundation of electronic data capture at the point-of- surgical care to improve workflow, simplify work processes and access real-time data intelligence. The Company’s suite of products serves the needs of the health care industry including providers, patients, the government and the medical device vendors. ORHub provides a cloud-based software solution that captures information before, during and after surgery, filling a void in the current surgical information infrastructure and providing the first process to capture and measure the surgical process — evolving Big Data into Intelligent Digital Data.
Hospitals and surgeons can make real-time, data-driven decisions to improve business profitability and the quality of patient care. This innovative technology results in hospitals understanding costs and identifying areas of cost reductions, as well as results in increased accountability, automatic creation of comprehensive anatomic implant registries, real-time analytics, improved efficiencies, and compliance with existing government regulations. ORHub has offices in Tempe, Arizona; Southern California; Bellevue, Washington; and Jacksonville, Florida.
To view a previously released Microsoft Case Study on HOI and ORHub visit:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company’s ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new software product business.