secwatch.observer — SEC 8-K summary
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Issuer:     SOLIGENIX, INC. (SNGX)
CIK:        0000812796
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001558370-24-013257
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Soligenix amends loan deal with Pontifax; conversion price cut to $3.81/$4.23
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- Conversion price reduced to $3.81 for first 501,648 shares issued after Oct 7, 2024, then $4.23 for subsequent shares.
- Amendment allows Soligenix to satisfy remaining loan balance with stock instead of cash, extending cash runway.
- Lenders agreed to lock-up in future offerings and capped aggregate stock ownership at 19.99% of outstanding shares.
- All other terms of the December 2020 Loan and Security Agreement remain unchanged; effective October 8, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812796/000155837024013257/0001558370-24-013257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812796/000155837024013257/sngx-20241008x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013257

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