Aditxt enters $2.16M future receivables sale for $1.5M gross proceeds

Aditxt, Inc.

Agreement sells future trade receipts of $2,160,000 for gross proceeds of $1,500,000, less $75,000 origination fees.
Repayment in 28 weekly installments of $77,142.86; security interest granted in all present and future accounts receivable.
Net proceeds to Aditxt are approximately $1,425,000 after fees.
Funder is a commercial funding source; agreement dated February 21, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aditxt, Inc. entered into Agreement for the Purchase and Sale of Future Receipts valued at $2,160,000 (effective 2023-02-21).

Action: entry
Agreement: asset purchase
Value: $2,160,000
Effective: 2023-02-21

Exact text from the filing

On February 21, 2023, Aditxt, Inc. (the “ Company ”) entered into an Agreement for the Purchase and Sale of Future Receipts (the “ Agreement ”) with a commercial funding source (the “ Funder ”) pursuant to which the Company agreed to sell to the Funder certain future trade receipts in the aggregate amount $2,160,000 (the “ Purchased Amount ”) for gross proceeds to the Company of $1,500,000, less origination fees of $75,000.

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Source: SEC EDGAR

accession 0001213900-23-014397

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