Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AIM ImmunoTech Inc. incurred loan of $3,301,250 with Streeterville Capital, LLC at ten percent (10%) per annum compounded daily maturing 24 months from the date of its issuance.
- Instrument
- loan
- Principal
- $3,301,250
- Counterparty
- Streeterville Capital, LLC
- Rate
- ten percent (10%) per annum compounded daily
- Maturity
- 24 months from the date of its issuance
- Event
- incurrence
Exact text from the filing
On February 16, 2024, AIM ImmunoTech Inc. (the “Company”, “we”, “us” or “our”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with Streeterville Capital, LLC (the “Investor”) and consummated the sale to such Investor of an unsecured Promissory Note (the “Note”) with an original principal amount of $3,301,250 in a private placement (the “Private Placement”) that closed on February 16, 2024. The Note carries an original issuance discount of $781,250 and the Company agreed to pay $20,000 to the Investor to cover the Investor’s legal and administrative transaction costs, each of which were included in the original principal amount and deducted from the proceeds of the Note received by the Company which resulted in a purchase price received by the Company of $2,500,000. The Note bears interest at ten percent (10%) per annum compounded daily. The maturity date of the Note is 24 months from the date of its issuance (the “Maturity Date”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
AIM ImmunoTech Inc. entered into Note Purchase Agreement with Streeterville Capital, LLC valued at $3,301,250 original principal amount (effective 2024-02-16).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Streeterville Capital, LLC
- Value
- $3,301,250 original principal amount
- Effective
- 2024-02-16
Exact text from the filing
On February 16, 2024, AIM ImmunoTech Inc. (the “Company”, “we”, “us” or “our”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with Streeterville Capital, LLC (the “Investor”) and consummated the sale to such Investor of an unsecured Promissory Note (the “Note”) with an original principal amount of $3,301,250 in a private placement (the “Private Placement”) that closed on February 16, 2024.
View on SEC.gov