secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORTHWEST BIOTHERAPEUTICS INC (NWBO)
CIK:        0001072379
Form:       8-K
Filed at:   2025-11-20T23:59:59+00:00
Accession:  0001104659-25-114627
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

NWBO enters $5M convertible note with Yorkville for Sawston facility
--------------------------------------------------------------------

- Promissory note of $5M with YA II PN, Ltd. (Yorkville) for 12 months, no payments due until maturity.
- Note carries 5% original issue discount, no interest, and convertible at a small discount to market price.
- Monthly conversion limited to ~1/5 of note amount unless conversion price above $0.29.
- Proceeds to fund construction/equipment for first Grade C manufacturing suite at Sawston, UK, plus operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1072379/000110465925114627/0001104659-25-114627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1072379/000110465925114627/tm2531842d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-114627

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