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Today is Final Day to become Record Date Holder for Cryoport, Inc.’s (CYRX) Rights Offering

Cryoport, Inc. (NASDAQ: CYRX, CYRXW) this morning issued a reminder that an investor must own CYRX, CYRXW or any other Cryoport warrants by 4 p.m. ET today in order to be considered a record date holder for purposes of the rights offering.

In addition, the cryogenic logistics solutions provider posted the following rights offering calendar:

May 24, 2016 – Rights exercise price pricing period began (85% of the volume weighted average trading price on NASDAQ of CYRX during the five trading day pricing period, rounded to the nearest whole penny)

May 25, 2016 – Ownership day, an investor must own CYRX, CYRXW or any other Cryoport warrants by 4 p.m. ET to be considered a record date holder for purposes of the rights offering, which is three trading days before the record date of May 31, 2016

May 26, 2016 – CYRX shares trade ex-right

May 31, 2016– Record date and rights exercise price pricing period ends

June 1, 2016 – Subscription period begins

June 20, 2016 – Subscription period expires at 5 p.m. ET

According to the news release, the rights offering will be made through a distribution of non-transferable subscription rights to purchase one share of common stock for each share of common stock, or each share of common stock into which warrants held on the record date are exercisable at an exercise price equal to 85% of the volume weighted average price per share of Cryoport’s common stock on NASDAQ for the five consecutive trading days immediately preceding and including May 31, 2016, rounded to the nearest whole penny; provided that the rights may only be exercised for a maximum of $10 million of subscription proceeds or 6,666,667 shares in the aggregate.

The inclusion of an over-subscription privilege entitles each rights holder that exercises its basic subscription privilege in full the right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering. Both the basic and over subscription privileges are subject to the availability and pro rata allocation of shares among participants. All basic subscription rights and over-subscription privileges may be exercised during the subscription period from June 1, 2016, through June 20, 2016, at 5 p.m. ET. Cyroport may extend the offering up to an additional 30 days, at its sole discretion.

The rights offering is being made pursuant to Cryoport’s effective registration statement on Form S-1 (Reg. No. 333-210985) on file with the SEC. The offering is being made only by means of a prospectus, copies of which may be obtained from:

Georgeson LLC 480 Washington Blvd, 26th Floor Jersey City, NJ 07310 [email protected] Toll Free: (800) 903-2897

Broker dealers interested in participating in the rights offering should contact Source Capital Group’s syndicate department at [email protected].

For more information on Cryoport, visit the company’s website at

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