Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Scienture Holdings, Inc. incurred loan of $3 million with Streeterville Capital, LLC at 5% per annum maturing eighteen months following the date of issuance.
- Instrument
- loan
- Principal
- $3 million
- Counterparty
- Streeterville Capital, LLC
- Rate
- 5% per annum
- Maturity
- eighteen months following the date of issuance
- Event
- incurrence
Exact text from the filing
On April 27, 2026, Scienture Holdings, Inc. (the “ Company ”) entered into and closed on a note purchase agreement (the “ Purchase Agreement ”) with Streeterville Capital, LLC, (the “ Lender ”) providing for the issuance of two secured promissory notes: (i) a Secured Promissory Note A-1 in the original principal amount of $8.42 million (the “ A-1 Note ”) and (ii) a Secured Promissory Note B in the original principal amount of $3 million (the “ B Note ”). The A-1 Note carries an original issue discount of $400,000 and the Company agreed to pay $20,000 to the Lender to cover the Lender’s transaction costs. The B Note does not carry an original issuance discount. At closing, the Lender paid $8 million to the Company and deposited an additional $3 million into an account at Lakeside Bank owned by the Company’s newly formed wholly-owned subsidiary, SCNX Holdings, LLC, a Utah limited liability company (“ SCNX Sub ”), to be held pursuant to a Deposit Account Control Agreement entered into amo
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
Scienture Holdings, Inc. incurred loan of $8.42 million with Streeterville Capital, LLC at 9% per annum maturing eighteen months following the date of issuance.
- Instrument
- loan
- Principal
- $8.42 million
- Counterparty
- Streeterville Capital, LLC
- Rate
- 9% per annum
- Maturity
- eighteen months following the date of issuance
- Event
- incurrence
Exact text from the filing
On April 27, 2026, Scienture Holdings, Inc. (the “ Company ”) entered into and closed on a note purchase agreement (the “ Purchase Agreement ”) with Streeterville Capital, LLC, (the “ Lender ”) providing for the issuance of two secured promissory notes: (i) a Secured Promissory Note A-1 in the original principal amount of $8.42 million (the “ A-1 Note ”) and (ii) a Secured Promissory Note B in the original principal amount of $3 million (the “ B Note ”). The A-1 Note carries an original issue discount of $400,000 and the Company agreed to pay $20,000 to the Lender to cover the Lender’s transaction costs. The B Note does not carry an original issuance discount. At closing, the Lender paid $8 million to the Company and deposited an additional $3 million into an account at Lakeside Bank owned by the Company’s newly formed wholly-owned subsidiary, SCNX Holdings, LLC, a Utah limited liability company (“ SCNX Sub ”), to be held pursuant to a Deposit Account Control Agreement entered into amo
View on SEC.gov