secwatch.observer — SEC 8-K summary
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Issuer:     AGENUS INC (AGEN)
CIK:        0001098972
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0000950170-25-027947
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agenus amends $10.5M notes, issues warrants at $3.25; maturity extended to July 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098972/000095017025027947/0000950170-25-027947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098972/000095017025027947/agen-20250220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-027947

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