debt
confidence high
sentiment neutral
materiality 0.50
Agenus amends loan: $24.75M principal, maturity extended to Nov 2029, 13% interest
AGENUS INC
- Second Loan Modification Agreement with Ocean 1181 LLC executed Aug 12, 2026; Third Amended and Restated Promissory Note issued.
- Outstanding principal remains $24,750,000; maturity extended to November 30, 2029; interest rate 13.0% per annum.
- Monthly interest payments continue: one-half cash, one-half in Agenus common stock.
- Extension fee of $247,500 paid one-half cash and one-half in common stock; shares issued under Section 4(a)(2)/Regulation D.