---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-023483"
form_type: "8-K"
ticker: "TVGN"
cik: "0001860871"
company_name: "Tevogen Bio Holdings Inc."
filed_at: "2024-06-11T23:59:59+00:00"
generated_at: "2026-06-01T05:08:26.890324+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tevogen Bio secures $36M unsecured credit line from 5% owner Patel Family; equity-linked terms

## Summary
- Loan agreement with The Patel Family LLP (affiliate of 5% holder Manmohan Patel) for up to $36M unsecured facility.
- Monthly draws up to $1M; interest is lower of SOFR+2% or 7%, payable quarterly in shares at $1.50/share.
- Repayment in cash or stock at greater of $1.50 or 10-day VWAP; maturity 48 months per draw.
- Lender gets option to buy $14M+ in stock at 30% discount to VWAP when stock hits $10 (PIPE).
- Issuance capped at 19.99% of shares without stockholder consent; 1M commitment shares issued.

## SEC filing metadata
- accession: 0001493152-24-023483
- form_type: 8-K
- ticker: TVGN
- cik: 0001860871
- company_name: Tevogen Bio Holdings Inc.
- filed_at: 2024-06-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1860871/000149315224023483/0001493152-24-023483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1860871/000149315224023483/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-023483
- JSON: https://secwatch.observer/filing/0001493152-24-023483.json
- Plain text: https://secwatch.observer/filing/0001493152-24-023483.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.