secwatch.observer — SEC 8-K summary
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Issuer:     GERON CORP (GERN)
CIK:        0000886744
Form:       8-K
Filed at:   2022-06-30T23:59:59+00:00
Accession:  0001206774-22-001630
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Geron expands credit facility to $125M from $75M via Hercules Capital amendment
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- Aggregate principal available increased from $75M to $125M under second amendment to Loan and Security Agreement.
- Remaining $75M available in four tranches subject to clinical/regulatory milestones and lender approval.
- Current outstanding principal is $50M; new facility charges include 1.0% facility charge per drawn tranche.
- New minimum cash balance requirement: greater of 50% of outstanding or $30M before potential imetelstat approval.
- Prepayment charge of 1.5% applies within first 36 months; no charge thereafter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886744/000120677422001630/0001206774-22-001630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886744/000120677422001630/geron4078581-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-22-001630

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