Windtree terminates $3M earnest money real estate deal; CFO resigns; raises $150K

WINDTREE THERAPEUTICS INC /DE/

On June 24, 2025, Windtree terminated the Purchase Agreement for the Aubrey property; TBB CPD demands $3M earnest money; company disputes.
CFO Jamie McAndrew resigned effective June 25, 2025; no disagreement; CEO Jed Latkin assumes interim principal financial officer role.
Issued two convertible notes for $150K gross proceeds; 14% interest, 12-month maturity; conversion price $0.587; warrants for 75% of purchase price.

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