debt
confidence high
sentiment neutral
materiality 0.55
Serina Therapeutics, Inc. (SER): debt financing — AgeX draws remaining $1M under secured note; issues warrants for 756K shares
Serina Therapeutics, Inc.
- Drew $1M from Juvenescence under Amended and Restated Secured Convertible Promissory Note dated Feb 9, 2023.
- Repayment date for outstanding principal is February 14, 2024.
- Issued warrants to purchase 756,429 shares of common stock at $0.661 per share.
- Warrants issued in connection with the drawdown; exercise price based on March 30, 2023 closing price.