secwatch.observer — SEC 8-K summary
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Issuer:     ORAMED PHARMACEUTICALS INC. (ORMP)
CIK:        0001176309
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001213900-24-023721
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Oramed receives $15M early payment on Scilex note; $20M due June 21
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176309/000121390024023721/0001213900-24-023721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176309/000121390024023721/ea0202046-8k_oramed.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-023721

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer