debt
confidence high
sentiment neutral
materiality 0.55
ReShape loans $200K to Vyome at 8% to fund merger-related expenses
Vyome Holdings, Inc
- ReShape (RSLS) issued a $200,000 promissory note to Vyome Therapeutics, bearing 8.0% interest per annum.
- Proceeds used for working capital and legal/accounting expenses related to the pending merger under July 8, 2024 agreement.
- Note matures on September 30, 2025; if merger closes before then, principal and interest become ReShape net cash.
- If merger fails due to Concurrent Financing Default, note becomes senior secured debt of Vyome.
- Termination fee reduced by outstanding principal and interest under this note and a prior April 15, 2025 note.
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