debt
confidence high
sentiment positive
materiality 0.65
Oramed recieves $13.2M from Scilex, slashing Tranche A principal to $7.7M
ORAMED PHARMACEUTICALS INC.
- Scilex paid ~$13.2M on Dec 13, 2024, satisfying the $15M installment due Dec 21.
- Combined with prior payments, $94.2M of original $101.9M Tranche A Note has been repaid or refinanced.
- Remaining Scilex debt to Oramed: $7.675M (Tranche A) and $25M (Tranche B Notes).
- Payment stems from September 2023 securities purchase agreement and subsequent October 2024 refinancing.