debt
confidence high
sentiment neutral
materiality 0.20
Helix Acquisition Corp. receives $150,000 working capital loan from affiliate Cormorant Asset Management
MoonLake Immunotherapeutics
- Cormorant Asset Management LP, an affiliate of Helix officers, loaned $150,000 for working capital.
- Loan is non-interest bearing, non-convertible, payable upon consummation of a business combination.
- If no business combination occurs, the loan is forgiven except for funds available outside trust account.
- Helix is pursuing a business combination with MoonLake Immunotherapeutics AG as previously disclosed.