debt
confidence high
sentiment positive
materiality 0.50
ABEONA THERAPEUTICS INC. (ABEO): debt financing — Abeona amends loan with Avenue, cuts interest rate to 11.75% and issues warrants for 16,474 shares
ABEONA THERAPEUTICS INC.
- Interest rate on senior secured term loan reduced from 13.5% to 11.75% fixed per annum.
- Issued warrants to purchase up to 16,474 shares at $6.07 per share, expiring July 18, 2030.
- Upon change of control with share price <= 2x exercise price, Warrantholders get shares without payment.
- Warrants exercisable cash or cashless, subject to anti-dilution adjustments.