debt
confidence high
sentiment neutral
materiality 0.55
Aptose signs up to $8.5M uncommitted loan from Hanmi for Tuspetinib AML clinical development
Aptose Biosciences Inc.
- Loan agreement with Hanmi Pharmaceutical for up to $8.5M uncommitted non-revolving facility.
- Funds to be used for Tuspetinib triple drug therapy for newly diagnosed AML, accounts payable, and TUS-related corporate purposes.
- Advances up to $2.5M each, available until Dec 31, 2025; maturity date Aug 31, 2028.
- Loan bears 6% interest per annum; secured by first ranking security on all personal property of Aptose and subsidiary guarantees.
- Previous 2024 facility agreement also exists; new loan is separate.
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