{"schema_version":"secwatch.filing_event.v1","accession":"0001420720-24-000005","form_type":"8-K","ticker":"IBIO","cik":"0001420720","company_name":"iBio, Inc.","filed_at":"2024-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.139225+00:00","generated_at":"2026-06-06T21:11:52.282100+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"iBio secures $1.07M term loan from Loeb Term Solutions at Prime+8.5%, collateralized by assets except IP","bullets":["Loan principal $1,071,572; net proceeds ~$1,027,455 after $42,863 origination fee.","Interest at Prime Rate +8.5%; monthly payments over 4-year amortization, balloon due at 2 years.","Secured by substantially all assets except filed patent-related IP.","Personal indemnity guarantees from executives Dr. Martin Brenner and Felipe Duran.","Prepayment fees: 4% (first 12 months), 3% (second 12 months)."],"urls":{"canonical":"https://secwatch.observer/filing/0001420720-24-000005","json":"https://secwatch.observer/filing/0001420720-24-000005.json","markdown":"https://secwatch.observer/filing/0001420720-24-000005.md","text":"https://secwatch.observer/filing/0001420720-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1420720/000142072024000005/0001420720-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1420720/000142072024000005/ibio-20240116x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T21:11:52.282100+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a332ec407e8d794ab92e311f185647bc83d8b97","claim":"iBio, Inc. incurred term loan of $1,071,572 with Loeb Term Solutions LLC at Prime Rate, as quoted in the Wall Street Journal plus 8.5%.","evidence_excerpt":"On January 16, 2024, iBio, Inc. (the “Company”), entered into a credit and security agreement (the “Credit and Security Agreement”) with Loeb Term Solutions LLC, an Illinois limited liability company (“Lender”), for a term loan or equipment line of credit loan (the “Loan”) pursuant to which the Company issued to Lender a term promissory note in the principal amount of $1,071,572 (the “Term Note”) bearing interest at the Prime Rate, as quoted in the Wall Street Journal plus 8.5% (the “Effective Rate”), for proceeds of $1,027,455.23 after payment of $42,862.88 to Lender as an origination fee, $1,172.89 for appraisal costs, and $75.00 for bank wire fees.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1420720/000142072024000005/0001420720-24-000005-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1,071,572"},{"label":"Counterparty","value":"Loeb Term Solutions LLC"},{"label":"Rate","value":"Prime Rate, as quoted in the Wall Street Journal plus 8.5%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"88189a7b312606432f1f6c1f9155fc63e94309c3","claim":"iBio, Inc. entered into Credit and Security Agreement with Loeb Term Solutions LLC valued at $1,071,572 (effective 2024-01-16).","evidence_excerpt":"On January 16, 2024, iBio, Inc. (the “Company”), entered into a credit and security agreement (the “Credit and Security Agreement”) with Loeb Term Solutions LLC, an Illinois limited liability company (“Lender”), for a term loan or equipment line of credit loan (the “Loan”) pursuant to which the Company issued to Lender a term promissory note in the principal amount of $1,071,572","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1420720/000142072024000005/0001420720-24-000005-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Loeb Term Solutions LLC"},{"label":"Value","value":"$1,071,572"},{"label":"Effective","value":"2024-01-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}