Aditxt enters $1.06M loan with high interest rate; repayment varies by date

Aditxt, Inc.

Loan principal $1.06M (incl. $60K origination fee); net disbursement $1.0M.
Repayment: $1.0M if paid by Apr 6, $1.219M by Apr 10, or $1.59M after; 20 weekly installments of $79.5K from Apr 10 to Aug 21.
Interest charge 50% ($530K) if paid as scheduled; 15% ($159K) if paid early by Apr 10.
Security interest granted in accounts, inventory, equipment, deposit accounts, and other assets (subordinate to prior lien).

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 Business Loan and Security Agreement with a commercial funding source (the Lender) valued at $1,060,000 (effective 2023-04-04).

Action: entry
Agreement: credit facility
Counterparty: a commercial funding source (the Lender)
Value: $1,060,000
Effective: 2023-04-04

Exact text from the filing

On April 4, 2023, Aditxt, Inc. (the “ Company ”) entered into a Business Loan and Security Agreement (the “ Loan Agreement ”) with a commercial funding source (the “ Lender ”), pursuant to which the Company obtained a loan from the Lender in the principal amount of $1,060,000, which includes origination fees of $60,000 (the “ Loan ”).

View on SEC.gov

282 material agreements filed in the last 30 days. Browse all material agreements →

Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-028342

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.