Orgenesis Inc.: debt financing — Orgenesis extends convertible loans with Nir and Lukach, issues warrants at $0.85/share

Orgenesis Inc.

Nir loan: $771,484 principal extended to Dec 31, 2026; 8% interest compounded from Jan 1, 2024.
Lukach loan: $331,099 principal extended to Dec 31, 2024; interest compounded.
Nir Warrant: 840,000 shares at $0.85, exercisable Jul 1, 2024 – Dec 31, 2026.
Lukach Warrant: 360,000 shares at $0.85, exercisable Jul 1, 2024 – Dec 31, 2024.
Both loans convertible into ORGS common at $0.85 per share at lenders' discretion.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Orgenesis Inc. amended convertible notes of aggregate principal amount of $771,484 with Yehuda Nir at 8% per annum (compounding commencing January 1, 2024) maturing December 31, 2026.

Instrument: convertible notes
Principal: aggregate principal amount of $771,484
Counterparty: Yehuda Nir
Rate: 8% per annum (compounding commencing January 1, 2024)
Maturity: December 31, 2026
Event: amendment

Exact text from the filing

the convertible loans under their respective loan agreements (as described below) to December 31, 2026. The aggregate principal amount of the convertible loans outstanding was $771,484 with interest rates of 8% per annum (based on a 365-day year) and which were payable, along with the principal, on or before January 1, 2024. In consideration for the extensions,

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Orgenesis Inc. amended loan of aggregate principal amount of $331,099 with Aharon Lukach at ranging from 0% to 8% per annum (compounding commencing January 1, 2024) maturing December 31, 2024.

Instrument: loan
Principal: aggregate principal amount of $331,099
Counterparty: Aharon Lukach
Rate: ranging from 0% to 8% per annum (compounding commencing January 1, 2024)
Maturity: December 31, 2024
Event: amendment

Exact text from the filing

the maturity date of the loans under their respective loan agreements (as described below) to December 31, 2024. The aggregate principal amount of the loans outstanding is $331,099 with interest rates ranging from 0% to 8% per annum (based on a 365-day year) and which were payable, along with the principal, on or before January 1, 2024. In consideration

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Source: SEC EDGAR

accession 0001493152-24-001142

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