debt
confidence high
sentiment neutral
materiality 0.55
Citius Pharma issues $1M unsecured note at 15% interest; CEO personally guarantees
Citius Pharmaceuticals, Inc.
- $1M principal unsecured promissory note issued to Pagoda Resources on June 2, 2025.
- Interest rate 15% per year, compounded monthly; mature date December 2, 2025.
- Company may prepay at any time without penalty; note non-convertible.
- CEO Leonard Mazur provides unconditional personal guaranty of full repayment.
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