debt
confidence high
sentiment negative
materiality 0.60
Evofem Biosciences sets Dec. 1, 2026 note maturity in fifth amendment with Adjuvant
Evofem Biosciences, Inc.
- Fifth Amendment to the Oct. 14, 2020 Securities Purchase Agreement with Adjuvant Global Health Technology Fund signed Oct. 9, 2026
- Notes plus accrued interest now due in full on earliest of Dec. 1, 2026, a Change of Control elected by Adjuvant, or acceleration under Section 8
- Notes may not be prepaid before Dec. 1, 2026 without Adjuvant's prior written consent
- Section 7.1(f) affirmative covenant deleted in its entirety and replaced with '[Reserved]'
- Adjuvant represented it holds a majority of outstanding note balances, constituting the Requisite Purchasers under Section 10.8