8-K
filed January 5, 2024, 6:59 PM ET
ticker ADTX
CIK 0001726711
debt
confidence high
sentiment negative
materiality 0.65
Aditxt, Inc. (ADTX): debt financing — Aditxt extends Jan 2024 secured notes maturity to Jan 31 with $1M payment
Aditxt, Inc.
- Maturity of January 2024 secured notes extended from Jan 2 to Jan 5 (Amend. 1), then to Jan 31 (Amend. 2).
- Consideration for second extension: $1M principal payment on Jan 2024 notes and $250K increase in Sep 2024 notes.
- Amendments relate to $5M Jan 2024 notes and $8M Sep 2024 notes originally issued in Evofem note assignment.
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. amended senior notes with Holders maturing January 31, 2024.
- Instrument
- senior notes
- Counterparty
- Holders
- Maturity
- January 31, 2024
- Event
- amendment
Exact text from the filing
that the maturity date of the January 2024 Secured Notes would be further extended to January 31, 2024
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Aditxt, Inc. amended senior notes with Holders maturing January 5, 2024.
- Instrument
- senior notes
- Counterparty
- Holders
- Maturity
- January 5, 2024
- Event
- amendment
Exact text from the filing
he Company, Evofem and the holders of certain senior indebtedness of Evofem (the “ Notes ”) entered into an Assignment Agreement dated December 11, 2023, pursuant to which the Holders assigned the Notes to the Company in consideration
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Aditxt, Inc. amended senior notes of increase in the aggregate principal balance of $250,000 with Holders.
- Instrument
- senior notes
- Principal
- increase in the aggregate principal balance of $250,000
- Counterparty
- Holders
- Event
- amendment
Exact text from the filing
increase in the aggregate principal balance of $250,000 on the September 2024 Secured Notes
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aditxt, Inc. entered into Assignment Agreement with Holders of certain senior indebtedness of Evofem valued at assignment of Notes to Company in consideration of $5 million January 2024 Secured Notes, $8 million (effective 2023-12-11).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Holders of certain senior indebtedness of Evofem
- Value
- assignment of Notes to Company in consideration of $5 million January 2024 Secured Notes, $8 million
- Effective
- 2023-12-11
Exact text from the filing
the Company, Evofem and the holders of certain senior indebtedness of Evofem (the “ Notes ”) entered into an Assignment Agreement dated December 11, 2023, pursuant to which the Holders assigned the Notes to the Company in consideration for the issuance by the Company of (i) an aggregate principal amount of $5 million in secured notes of the Company due on January 2, 2024 (the “ January 2024 Secured Notes ”), (ii) an aggregate principal amount of $8 million in secured notes of the Company due on September 30, 2024 (the “ September 2024 Secured Notes ”), (iii) an aggregate principal amount of $5 million in ten-year unsecured notes, and (iv) payment of $154,480 in respect of net sales of Phexxi in respect of the calendar quarter ended September 30, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aditxt, Inc. amended Amendment No. 1 to September 2024 Secured Notes with Holders of certain senior indebtedness of Evofem valued at principal balance increased by $250,000 (effective 2024-01-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Holders of certain senior indebtedness of Evofem
- Value
- principal balance increased by $250,000
- Effective
- 2024-01-05
Exact text from the filing
On January 5, 2024, the Company and the Holders entered into amendments to the January 2024 Secured Notes (“ Amendment No. 2 to January 2024 Secured Notes ”) and amendments to the September 2024 Secured Notes (“ Amendment No. 1 to September 2024 Secured Notes ”), pursuant to which the Company and the Holders agreed that in consideration of a principal payment in the aggregate amount of $1 million on the January 2024 Secured Notes and in increase in the aggregate principal balance of $250,000 on the September 2024 Secured Notes, that the maturity date of the January 2024 Secured Notes would be further extended to January 31, 2024.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aditxt, Inc. amended Amendment No. 2 to January 2024 Secured Notes with Holders of certain senior indebtedness of Evofem valued at maturity date extended to January 31, 2024, in consideration of $1 million principal payment and $25 (effective 2024-01-05).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Holders of certain senior indebtedness of Evofem
- Value
- maturity date extended to January 31, 2024, in consideration of $1 million principal payment and $25
- Effective
- 2024-01-05
Exact text from the filing
On January 5, 2024, the Company and the Holders entered into amendments to the January 2024 Secured Notes (“ Amendment No. 2 to January 2024 Secured Notes ”) and amendments to the September 2024 Secured Notes (“ Amendment No. 1 to September 2024 Secured Notes ”), pursuant to which the Company and the Holders agreed that in consideration of a principal payment in the aggregate amount of $1 million on the January 2024 Secured Notes and in increase in the aggregate principal balance of $250,000 on the September 2024 Secured Notes, that the maturity date of the January 2024 Secured Notes would be further extended to January 31, 2024.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aditxt, Inc. amended Amendment No. 1 to January 2024 Secured Notes with Holders of certain senior indebtedness of Evofem valued at maturity date of the January 2024 Notes was extended to January 5, 2024 (effective 2024-01-02).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Holders of certain senior indebtedness of Evofem
- Value
- maturity date of the January 2024 Notes was extended to January 5, 2024
- Effective
- 2024-01-02
Exact text from the filing
On January 2, 2024, the Company and the Holders entered into amendments to the January 2024 Secured Notes (“ Amendment No. 1 to January 2024 Secured Notes ”), pursuant to which the maturity date of the January 2024 Notes was extended to January 5, 2024.
View on SEC.gov
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