other material
confidence high
sentiment neutral
materiality 0.50
Oramed receives $15M early payment on Scilex note; $20M due June 21
ORAMED PHARMACEUTICALS INC.
- Received $11.5M on Mar 14 and $3.5M on Mar 18 as early payments toward $15M second principal payment due Mar 21, 2024.
- Third principal payment of $20M expected on June 21, 2024.
- Note originally $101,875,000 principal, issued Sep 2023 in exchange for Scilex assuming certain Sorrento obligations.
- First principal payment of $5M was received Dec 21, 2023.