secwatch.observer — SEC 8-K summary
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Issuer:     ORAMED PHARMACEUTICALS INC. (ORMP)
CIK:        0001176309
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001213900-23-097505
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Oramed receives $5M first principal payment on $101.9M Scilex Note; next $15M due March 21, 2024
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- Received $5 million first principal payment on December 21, 2023, under Senior Secured Promissory Note from Scilex.
- Next principal payment of $15 million expected on March 21, 2024.
- Note principal amount $101,875,000, due 18 months from issuance (September 21, 2023).
- Payments are part of Securities Purchase Agreement consummated on September 21, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176309/000121390023097505/0001213900-23-097505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176309/000121390023097505/ea190496-8k_oramed.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-097505

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