debt
confidence high
sentiment neutral
materiality 0.80
JUPITER NEUROSCIENCES, INC. (JUNS): debt financing — Jupiter Neurosciences secures up to $20M flexible financing from Yorkville; $4M funded at signing
JUPITER NEUROSCIENCES, INC.
- Initial $4M pre-paid advance funded via convertible note with $1.50 fixed conversion price and 7% OID.
- Additional $2M pre-paid advance contingent on registration statement and stockholder approval; total $6M pre-paid.
- Up to $14M available under SEPA over 24 months subject to conditions; proceeds to fund Phase 2 Parkinson's trial and Nugevia growth.
- Yorkville receives 131,909 commitment shares and $25K structuring fee; issuance subject to 19.99% Exchange Cap unless stockholder approval obtained.
- Convertible notes bear 8% interest, mature Oct 24, 2026; repayment via cash or advance notices under SEPA.