Aditxt, Inc. (ADTX): debt financing — Aditxt enters new $2.88M future-receipts agreement; CEO loans $200K

Aditxt, Inc.

May Agreement: gross proceeds $2,000,000; net proceeds $742,857 after $100k fee and $1,157,142 payoff of prior agreement.
Repayment in 28 weekly installments of $102,857; prepayment options within 60 days for $2,680,000 to $2,800,000.
CEO Amro Albanna loans $200,000 unsecured at 8.25% p.a., due Nov 25, 2023; note matures earlier on default.
Company granted security interest in all present/future accounts receivable up to $2,880,000 under the May Agreement.

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

Aditxt, Inc. incurred loan of $200,000 with Amro Albanna at eight and one-quarter percent (8.25%) per annum maturing November 25, 2023.

Instrument: loan
Principal: $200,000
Counterparty: Amro Albanna
Rate: eight and one-quarter percent (8.25%) per annum
Maturity: November 25, 2023
Event: incurrence

Exact text from the filing

On May 25, 2023, Amro Albanna, the Chief Executive Officer of the Company, loaned $200,000 to the Company. The loan was evidenced by an unsecured promissory note (the “ Note ”). Pursuant to the terms of the Note, it will accrue interest at a rate of eight and one-quarter percent (8.25%) per annum, the Prime rate on the date of signing, and is due on the earlier of November 25, 2023 or an event of default, as defined therein.

View on SEC.gov

102 debt financings filed in the last 30 days. Browse all debt financings →

Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-044538

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.