Aditxt, Inc. (ADTX): debt financing — CEO Amro Albanna loans Aditxt $200,000 at 8.5% interest, due June 2024

Aditxt, Inc.

CEO Amro Albanna provided a $200,000 unsecured loan to Aditxt on December 6, 2023.
Interest accrues at 8.5% per annum; principal and interest due by June 6, 2024 or upon default.
Loan evidenced by an unsecured promissory note; proceeds used for general corporate purposes.
Event of default includes payment failure or bankruptcy; lender can accelerate repayment.

item 2.03 item 8.01 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 0.4

Aditxt, Inc. incurred debt.

Event: incurrence

Exact text from the filing

The information relating to the Note (as defined below) included in Item 8.01 is incorporated by reference in this item to the extent required.

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Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-094380

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