debt
confidence high
sentiment neutral
materiality 0.65
CalciMedica amends loan with Avenue: extends maturity to 2029, ups convertible amount to $3M
CalciMedica, Inc.
- Loan principal $10M unchanged; interest-only extended to Sep 2027, maturity to Sep 2029.
- Lender's conversion option increased from $1M to $3M at $1.00/share; new 1M-share warrant issued at same price.
- Company granted monthly Put Option to force conversion up to 20% of 15-day avg volume if VWAP >1.5x conversion price.
- Existing warrant exercise price reduced from $2.32 to $1.00; beneficial ownership cap set at 4.99% (expandable to 19.99%).