debt
confidence high
sentiment neutral
materiality 0.35
Jupiter Neurosciences extends maturity of $1.38M in secured notes by 26 days to Dec 11, 2024
JUPITER NEUROSCIENCES, INC.
- Extended Puritan Note ($1,111,111) and Assigned Note ($266,667) maturity from Nov 15 to Dec 11, 2024.
- Interest of $9,259 on Puritan Note due Nov 11 paid upon execution; additional $9,259 due by Dec 11.
- Interest on Assigned Note payable at maturity unless a Qualified Offering (>$8M) closes earlier.
- Qualified Offering defined as a financing raising at least $8M in debt or equity.
- Notes retain 10% original issue discount and senior secured status; no other material changes.