Aditxt, Inc. (ADTX): debt financing — Aditxt enters $3.6M loan with 49% rate, 30-week term; net proceeds $814,900

Aditxt, Inc.

Loan principal $3.6M; total repayment $5.364M includes $1.764M interest and $252K origination fee.
Net proceeds of $814,900 after repaying $2.533M outstanding on October 2023 future-receipts agreement.
Repayment via 30 weekly installments of $178,800; stated interest rate 49% (not APR).
Lender granted secondary security interest in accounts, inventory, equipment, and general intangibles; Baker Bros. holds first lien.

item 1.01 item 2.03 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 loan of $3,600,000 with commercial funding source.

Instrument: loan
Principal: $3,600,000
Counterparty: commercial funding source
Event: incurrence

Exact text from the filing

pursuant to which the Company obtained a loan from the Lender in the principal amount of $3,600,000

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

Aditxt, Inc. entered into January Loan Agreement with a commercial funding source (the "Lender") valued at principal amount of $3,600,000 (effective 2024-01-24).

Action: entry
Agreement: credit facility
Counterparty: a commercial funding source (the "Lender")
Value: principal amount of $3,600,000
Effective: 2024-01-24

Exact text from the filing

On January 24, 2024, the Company entered into a Business Loan and Security Agreement (the “ January 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 $3,600,000, which includes origination fees of $252,000 (the “ January Loan ”).

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

Aditxt, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-007954

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