Liquidia amends financing with HCR, extends payments to 2031, adds $32.5M subject to equity raise

Liquidia Corp

Fifth Amendment moves remaining $32.5M from tranches 3/4 to tranche 2; total $100M non-dilutive capital fully committed.
Payment schedule extended from 2029 to 2031; $23.8M payment due July 2025 deferred to two equal payments in Jan and July 2026.
Funding of $32.5M conditioned on Liquidia raising at least $50M in gross proceeds from common stock sales on or after Sept 11, 2024.
Aggregate payments capped at 175% of funded amounts; true-up threshold lowered to 16% for new funds (vs 18% prior).

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