AGENUS INC (AGEN): debt financing — Agenus amends $10.5M notes, issues warrants at $3.25; maturity extended to July 2026

AGENUS INC

Extended maturity of $10.5M 2015 Notes from Feb 2025 to July 2026; interest rate raised from 8% to 9%.
Issued new C Warrants to purchase 67,500 shares at $3.25/exercise price, expiring Feb 2030.
Amended A and B Warrants for 97,500 shares: extended expiration to Feb 2030, exercise price reset to $3.25.
Obligation secured by subordinate mortgage on properties owned by subsidiary Agenus West, LLC.
Expects to address remaining $2.5M payment of 2015 Notes via a new financing in the near term.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AGENUS INC amended senior notes of $10.5 million at increased from 8% to 9% per annum maturing July 20, 2026.

Instrument: senior notes
Principal: $10.5 million
Rate: increased from 8% to 9% per annum
Maturity: July 20, 2026
Event: amendment

Exact text from the filing

extended the maturity date of $10.5 million of senior subordinated promissory notes previously issued in 2015 (the “2015 Notes”) by sixteen months from February 20, 2025 to July 20, 2026; • increased the interest rate under the 2015 Notes from 8% to 9% per annum

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Source: SEC EDGAR

accession 0000950170-25-027947

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