Scienture secures $3M first tranche of convertible debentures and $50M ELOC

Scienture Holdings, Inc.

First closing on Nov 25, 2024: $3,333,333 principal of 10% OID secured convertible debentures issued for $3,000,000.
Up to $12,222,222 total principal in three tranches; conversion price at 92.5% of lowest 5-day VWAP.
Entered $50M equity line of credit with Arena Business Solutions, 36-month term, 96% of VWAP pricing.
Issued 55,000 commitment shares at first closing; additional shares due for future tranches and ELOC.
Dawson James acted as sole placement agent; 7% fee on gross proceeds, expenses up to $100,000.

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