Brief: 9 Meters Biopharma Entered Into Securities Purchase Agreement For Purchase Of Senior Secured Convertible Notes With Institutional Investor

9 Meters Biopharma

30/06/2022 13:30

June 30 (Reuters) - 9 Meters Biopharma Inc  NMTR.O :
    * 9 METERS BIOPHARMA-ON JUNE 30, ENTERED INTO SECURITIES
PURCHASE
AGREEMENT FOR PURCHASE OF SENIOR SECURED CONVERTIBLE NOTES WITH
INSTITUTIONAL INVESTOR
    * 9 METERS BIOPHARMA- PRINCIPAL AMOUNT FOR INITIAL NOTE IS
EXPECTED TO BE $21 MILLION WITH OPTION TO ISSUE ADDITIONAL
CONVERTIBLE NOTES OF UP TO $70 MILLION
    * 9 METERS BIOPHARMA INC - ANNOUNCES DEBT FACILITY TO
SUPPORT
PHASE 3 STUDY OF VUROLENATIDE FOR SHORT BOWEL SYNDROME
    * 9 METERS BIOPHARMA INC - INITIAL DRAW OF $20 MILLION TO
SUPPORT
FUNDING PHASE 3 DEVELOPMENT OF VUROLENATIDE IN SHORT BOWEL
SYNDROME

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