debt
confidence high
sentiment neutral
materiality 0.50
NKGen Biotech, Inc.: debt financing — NKGen Biotech gets $412.5K additional convertible loan at $0.08/share; increases consideration shares to 12.15M
NKGen Biotech, Inc.
- Additional loan of $412,500 (net $375,000) from AlpineBrook Capital; convertible at $0.08/share and warrant exercisable at $0.08/share.
- Consideration shares increased to 12,147,280, to be delivered in five installments over 25 months.
- Voting agreement with major shareholders to support increase in authorized shares for conversion and warrant exercise.
- Loan matures on Maturity Date under existing Loan Agreement; interest at Applicable Rate, 360-day year.