other material
confidence high
sentiment positive
materiality 0.85
MeiraGTx secures up to $400M from Oberland Capital in royalty and equity deal
MeiraGTx Holdings plc
- Initial $135M funded: $125M in exchange for low single-digit capped royalties on three products, plus $10M equity investment at $10.52/share.
- Additional tranches: $50M upon AAV2-hAQP1 Phase 2 data, $50M upon bota-vec approval, $50M upon AAV2-hAQP1 approval, up to $100M mutual.
- Company redeemed all outstanding notes under Perceptive NPA, terminating that agreement with no early termination penalties.
- Royalty payments capped at a multiple of amounts funded; flexible change-of-control provisions allow buyback.