Corporate ActionJul 6, 2026, 04:18 PM
Agenus Extends $5.09M Notes, Issues New Warrants
AI Summary
Agenus Inc. entered into an amendment with existing noteholders to extend the maturity date of $5.09 million in senior subordinated promissory notes by eight months to February 18, 2027. The company also extended the expiration dates of previously issued 2022 A, 2022 B, and 2025 C Warrants to June 25, 2031. Additionally, Agenus issued new 2026 D Warrants to certain noteholders, allowing them to purchase an aggregate of 56,525 shares of common stock at an exercise price of $3.25 per share, also expiring on June 25, 2031.
Key Highlights
- Extended maturity of $5.09 million senior subordinated promissory notes by eight months to February 18, 2027.
- Extended expiration of 2022 A Warrants (65,000 shares) to June 25, 2031.
- Extended expiration of 2022 B Warrants (32,500 shares) to June 25, 2031.
- Extended expiration of 2025 C Warrants (67,500 shares) to June 25, 2031.
- Issued new 2026 D Warrants for 56,525 shares at $3.25 per share, expiring June 25, 2031.
- Shares underlying new D Warrants to be registered for resale within 90 days.
Price Impact
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