other material
confidence high
sentiment positive
materiality 0.60
Shuttle pays $75K to permanently waive Alto's right to $10M additional notes, warrants
Shuttle Pharmaceuticals Holdings, Inc.
- Paid $75,000 to Alto Opportunity Master Fund for permanent waiver of right to purchase up to $10M in additional notes and warrants.
- Also granted one-time waiver of participation rights in Company's S-1 registered offering (filed Feb 13, 2025) if closed by March 31, 2025.
- The $4.3M convertible note held by Alto is noted as satisfied in full.
- Company and guarantors release Alto from all claims related to transaction documents.