Windtree terminates $15M milestone obligation to Deerfield for $200k cash and 608k shares

WINDTREE THERAPEUTICS INC /DE/

Terminated Deerfield's rights to up to $15M milestone payments for AEROSURF program.
Deerfield receives $100k now, $100k later, and 608,272 shares of common stock.
Shares issued in unregistered transaction; company grants registration rights for resale.
Milestone Payment Provisions and related rights under 2017 agreement terminated.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WINDTREE THERAPEUTICS INC /DE/ amended Exchange and Termination Agreement with Deerfield Management Company, L.P. valued at Cash $200,000 and 608,272 shares of common stock in exchange for termination of milestone payment ri (effective 2024-01-24).

Action: amendment
Counterparty: Deerfield Management Company, L.P.
Value: Cash $200,000 and 608,272 shares of common stock in exchange for termination of milestone payment ri
Effective: 2024-01-24

Exact text from the filing

On January 24, 2024, Windtree Therapeutics, Inc. (the “ Company ”) and affiliates of Deerfield Management Company, L.P. (collectively, “ Deerfield ”) entered into an Exchange and Termination Agreement (the “ Exchange and Termination Agreement ”).

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WINDTREE THERAPEUTICS INC /DE/ filing history →

Source: SEC EDGAR

accession 0001437749-24-002120

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