debt
confidence high
sentiment negative
materiality 0.90
Acura Pharmaceuticals borrows $200,000 from Abuse Deterrent Pharma; note principal reaches $11,294,279
ACURA PHARMACEUTICALS, INC
- Acura received $100,000 loans from Abuse Deterrent Pharma on Sept 18 and Oct 2, 2026, raising the secured note principal to $11,294,279.
- Accrued interest was about $1,365,000 as of Sept 30, 2026; the note bears 5.25%, with overdue amounts at 7.5%.
- Absent additional financing by mid-October 2026, Acura says it may scale back operations, furlough or lay off employees, terminate operations, or seek bankruptcy protection.
- Events of default include failure to pay principal or interest continuing 5 days, bankruptcy events, and inability to pay debts as they come due.
- Exhibit 99.1 lists Loans #51 through #66, including Loan #66 dated Oct 2, 2026 for $100,000.