debt
confidence high
sentiment neutral
materiality 0.65
Windtree raises $250K via secured notes, licenses Phexxi supply rights, regains Nasdaq compliance
WINDTREE THERAPEUTICS INC /DE/
- Issued $312,500 principal in senior secured notes at 10% interest, due March 2026, with 20% OID; net proceeds $250,000.
- Entered license and supply agreement with Evofem to manufacture and supply Phexxi outside the U.S. for an initial three-year term.
- Regained compliance with Nasdaq minimum bid price rule (closing bid >$1.00 since Feb 21, 2025); subject to panel monitor until March 20, 2026.
- Notes secured by first-priority lien on all assets; mandatory redemption of 30% of equity line proceeds if equity line is used.