debt
confidence high
sentiment neutral
materiality 0.50
Inhibitor Therapeutics amends loan with Mayne Pharma: limit to $281K, maturity Dec 2022
Inhibitor Therapeutics, Inc.
- Facility limit increased by $50,000 to $281,000; maturity extended to December 31, 2022.
- Additional $50,000 available for drawdown from Feb 1 to Mar 31, 2022, in minimum $25,000 increments.
- Original $231,000 fully drawn; proceeds used for working capital and deferred employee compensation.
- Loan amendment with majority stockholder Mayne Pharma; rest of Loan Agreement unchanged.