debt
confidence high
sentiment neutral
materiality 0.60
PDS Biotechnology amends $6M promissory note with YA II PN, adding mandatory redemption and extended cure period
PDS Biotechnology Corp
- Amendment to $6,000,000 promissory note dated June 15, 2026 with YA II PN, Ltd.
- Requires weekly remittance notices for ATM proceeds and payment within 1 business day.
- Extends Nasdaq listing deficiency cure period from 75 to 180 days.
- New provision: 100% of net cash proceeds from non-ATM equity financings must be paid to holder within 5 business days.
- Effective upon full payment of September 14, 2026 installment amount.