Aditxt, Inc. (ADTX): debt financing — Aditxt issues $2.625M secured note, receives $1.75M; grants 1.09M commitment shares

Aditxt, Inc.

Issued secured promissory note of $2,625,000 principal; gross proceeds $1,750,000.
Issued 1,093,750 commitment shares as fee; 691,106 issued immediately, remainder within 120 days.
Note matures Dec 31, 2023; convertible after shareholder approval at $0.39 per share.
Company granted security interest in collateral under Security Agreement.
Shareholder approval required for issuance exceeding 19.99% of outstanding shares (1,521,056).

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 0.95

Aditxt, Inc. incurred loan of $2,625,000 with an accredited investor at Not stated maturing December 31, 2023.

Instrument: loan
Principal: $2,625,000
Counterparty: an accredited investor
Rate: Not stated
Maturity: December 31, 2023
Event: incurrence

Exact text from the filing

On July 24, 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 $2,625,000 (the “ Note ”) resulting in gross proceeds to the Company of $1,750,000.

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

Aditxt, Inc. entered into Securities Purchase Agreement with an accredited investor valued at $2,625,000 (effective 2023-07-24).

Action: entry
Agreement: equity purchase
Counterparty: an accredited investor
Value: $2,625,000
Effective: 2023-07-24

Exact text from the filing

On July 24, 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 $2,625,000 (the “ Note ”) resulting in gross proceeds to the Company of $1,750,000.

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

Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-060842

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