debt
confidence high
sentiment neutral
materiality 0.55
Scienture Holdings secures $11M secured note financing from Streeterville Capital
Scienture Holdings, Inc.
- $8.42M A-1 Note (net $8M after $400K OID) and $3M B Note issued; total proceeds $11M.
- A-1 Note bears 9% interest, 18-month maturity; B Note bears 5% interest, 18-month maturity, funds held in DACA.
- B Note may be exchanged for additional A Notes in $1M increments as A-1 balance reduces.
- After 8 months, Lender can redeem up to $175k/month or 10% daily volume if stock >20% above min price.
- Proceeds for working capital, commercialization, product development, and general corporate purposes.
item 1.01item 2.03item 9.01