debt
confidence high
sentiment neutral
materiality 0.50
Serina Therapeutics, Inc. (SER): debt financing — AgeX Therapeutics draws $1M under amended convertible note with Juvenescence; issues warrants for 801,924 shares
Serina Therapeutics, Inc.
- On Feb 15, 2023, drew $1M under Amended Secured Convertible Note with Juvenescence Limited.
- Up to $2M additional available until May 9, 2023; each draw limited to $1M and subject to Juvenescence's approval.
- Warrants for 801,924 shares at exercise price of $0.6235 per share issued in connection with the draw.
- Repayment date unchanged at Feb 14, 2024; note secured by security interests in AgeX assets.