Aditxt, Inc. (ADTX): debt financing — Aditxt raises $590k via secured note and loan; issues 156k commitment shares

Aditxt, Inc.

Secured promissory note of $375k principal sold for $250k net; 156,250 commitment shares issued as fee.
Note maturity Dec 31, 2023; convertible post-shareholder approval at $0.45 per share.
Business loan of $215k obtained with $10,750 origination fee; repayment of $322k in 14 weekly installments.
Company must seek shareholder approval for any conversion shares exceeding 19.99% of outstanding (1,351,670 shares).

item 1.01 item 2.03 item 3.02 item 9.01

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 convertible notes of $375,000 maturing December 31, 2023.

Instrument: convertible notes
Principal: $375,000
Maturity: December 31, 2023
Event: incurrence

Exact text from the filing

the Company issued and sold a secured promissory note in the principal amount of $375,000

View on SEC.gov

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

Aditxt, Inc. entered into Securities Purchase Agreement valued at $375,000 (effective 2023-07-03).

Action: entry
Agreement: equity purchase
Value: $375,000
Effective: 2023-07-03

Exact text from the filing

On July 3, 2023, Aditxt, Inc. (the “ Company ”) entered into a Securities Purchase Agreement (the “ Securities Purchase Agreement ”) with an accredited investor pursuant to which the Company issued and sold a secured promissory note in the principal amount of $375,000

View on SEC.gov

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

Aditxt, Inc. entered into Business Loan and Security Agreement valued at $215,000 (effective 2023-07-03).

Action: entry
Agreement: credit facility
Value: $215,000
Effective: 2023-07-03

Exact text from the filing

On July 3, 2023, 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 $215,000

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 0001213900-23-055532

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.