Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MYOMO, INC. incurred term loan of up to $17.5 million with Avenue Capital Management II, L.P. (administrative agent) and Avenue Venture Opportunities Fund II, L.P. (lender) at the sum of 4.75% and the prime rate as reported in The Wall Street Journal maturing June 1, 2029.
- Instrument
- term loan
- Principal
- up to $17.5 million
- Counterparty
- Avenue Capital Management II, L.P. (administrative agent) and Avenue Venture Opportunities Fund II, L.P. (lender)
- Rate
- the sum of 4.75% and the prime rate as reported in The Wall Street Journal
- Maturity
- June 1, 2029
- Event
- incurrence
Exact text from the filing
On November 4, 2025 (the “Closing Date”), Myomo, Inc. (the “Company”) entered into a Loan and Security Agreement (the “Loan and Security Agreement”), with Avenue Capital Management II, L.P., as administrative agent and collateral agent (the “Agent”) and Avenue Venture Opportunities Fund II, L.P., as a lender (the “Lender”). Also on November 4, 2025, the Company entered into a Supplement to the Loan and Security Agreement (the “Supplement” and together with the Loan and Security Agreement, the “Loan Agreement”) with the Agent and the Lender. The Loan Agreement provides for committed term loans in an aggregate principal amount of up to $17.5 million with (a) $12.5 million funded on the Closing Date (“Tranche 1”) and (b) up to $5.0 million to be funded at any time between November 4, 2026 and May 4, 2027, so long as no default or event of default has occurred and is continuing.
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
MYOMO, INC. issued up to $1,312,500 worth of shares of the Company's common stock of warrant to Avenue Venture Opportunities Fund II, L.P..
- Security
- warrant
- Shares
- up to $1,312,500 worth of shares of the Company's common stock
- Purchaser
- Avenue Venture Opportunities Fund II, L.P.
Exact text from the filing
the Company issued to the Lender a warrant to purchase up to $1,312,500 worth of shares of the Company's common stock (the “Warrant”).
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