other material
confidence high
sentiment neutral
materiality 0.55
Oramed receives ~$9.6M prepayment from Scilex on $101.9M note; June 2024 payment reduced to ~$10.4M
ORAMED PHARMACEUTICALS INC.
- Received ~$9.6M prepayment on May 2, 2024 from Scilex under mandatory prepayment provision.
- Prepayment reduces third installment due June 21, 2024 from $20M to ~$10.4M.
- Note originally issued Sep 2023 in principal amount of $101.875M with warrants.
- Previously received $20M in principal payments.