debt
confidence high
sentiment neutral
materiality 0.50
Aditxt amends note purchase agreement, adds new investor, cancels and reissues notes with same aggregate principal
Aditxt, Inc.
- Amendment No. 2 to Note Purchase Agreement allows new investor Doug Mergenthaler to join as a Buyer.
- Cancels a previously issued senior secured note to Cavalry Fund I SPV I LP and issues two additional notes of equal aggregate principal amount.
- Additional notes issued to Cavalry SPV and Mergenthaler; no net increase in total principal amount of notes.
- Notes are secured by substantially all assets of Ignite Proteomics LLC and pledge of Aditxt's equity in Ignite.
- Offering exempt from registration under Section 4(a)(2) and Rule 506(b); investors represented as accredited.