secwatch.observer — SEC 8-K summary
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Issuer:     Adicet Bio, Inc. (ACET)
CIK:        0001720580
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0000950170-24-127560
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adicet Bio amends loan agreement to remove Adicet Shanghai shares from collateral, allow $500K transfers
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- Eighth Amendment to loan with Banc of California (formerly Pacific Western Bank) dated Nov 8, 2024.
- Equity interests in Adicet Shanghai removed from pledged collateral; no security interest on those shares.
- Permitted investment threshold for cash transfers to Adicet Shanghai increased to $500,000 without bank approval.
- Other amendments include deletion of Success Fee provisions and update of bank name to Banc of California.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720580/000095017024127560/0000950170-24-127560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720580/000095017024127560/acet-20241108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127560

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer