secwatch.observer — SEC 8-K summary
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Issuer:     Adicet Bio, Inc. (ACET)
CIK:        0001720580
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000950170-22-026232
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adicet Bio amends loan with PacWest, extends drawdown to 2024 and maturity to 2026
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- Drawdown period for term loans extended by one year to April 19, 2024.
- If company raises at least $60M in equity or partnership cash (excluding Regeneron) by Sept 30, 2023, interest-only period extends to Oct 19, 2024.
- Final maturity of term loans extended one year to October 19, 2026.
- Company must maintain lesser of $200M or 70% of combined deposit balances with PacWest.
- Guarantor affirmed prior guaranty and security interest in substantially all assets except IP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720580/000095017022026232/0000950170-22-026232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720580/000095017022026232/acet-20221202.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026232

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