secwatch / observer
8-K filed May 22, 2023, 7:59 PM ET CIK 0000316253
debt confidence high sentiment neutral materiality 0.70

ENZO BIOCHEM INC: debt financing — Enzo Biochem raises $7M via 10% secured convertible debentures and warrants

ENZO BIOCHEM INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ENZO BIOCHEM INC incurred convertible notes of $7,608,696 with JGB Collateral, LLC, as collateral agent for the Purchasers at 10% per annum maturing May 20, 2024.

Instrument
convertible notes
Principal
$7,608,696
Counterparty
JGB Collateral, LLC, as collateral agent for the Purchasers
Rate
10% per annum
Maturity
May 20, 2024
Event
incurrence
Exact text from the filing
the Company agreed to sell to the Purchasers (i) 10% Original Issue Discount Secured Convertible Debentures (the “Debentures”) with an aggregate principal amount of $7,608,696
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ENZO BIOCHEM INC entered into Securities Purchase Agreement with JGB Collateral, LLC, as collateral agent, and the purchasers that are parties thereto valued at aggregate principal amount of $7,608,696 and ... total purchase price of $7,000,000 (effective 2023-05-19).

Action
entry
Agreement
equity purchase
Counterparty
JGB Collateral, LLC, as collateral agent, and the purchasers that are parties thereto
Value
aggregate principal amount of $7,608,696 and ... total purchase price of $7,000,000
Effective
2023-05-19
Exact text from the filing
On May 19, 2023, Enzo Biochem, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with each of the purchasers that are parties thereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”) and JGB Collateral, LLC, a Delaware limited liability company, as collateral agent for the Purchasers (the “Agent”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001213900-23-041709
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