debt
confidence high
sentiment neutral
materiality 0.55
Nutriband enters amended $5M credit line at 7% interest for AVERSA Fentanyl
NutriBand Inc.
- $5M credit line facility amended as of June 1, 2026, replacing prior $5M facility expiring July 2026.
- Interest at 7% per annum; no conversion rights for lender into common stock.
- Proceeds for commercialization of AVERSA Fentanyl, including FDA submission and manufacturing costs with Kindeva Drug Delivery.
- Maturity date July 1, 2029; advances allowed only after commencement of NDA-related work with Kindeva.