Brief: Conformis Inc Says Under Terms Of Settlement, Stryker Parties Will Make A One-Time Payment Of $15 Mln To Conformis No Later Than October 15, 2021

ConforMIS

07/07/2021 12:57

July 7 (Reuters) - Conformis Inc  CFMS.O :
    * CONFORMIS INC - UNDER TERMS OF SETTLEMENT, STRYKER PARTIES
WILL
MAKE A ONE-TIME PAYMENT OF $15 MILLION TO CONFORMIS NO LATER
THAN OCTOBER 15, 2021
    * CONFORMIS INC - SBA HAS FULLY APPROVED LOAN FORGIVENESS
APPLICATION AS OF JUNE 28, 2021
    * CONFORMIS - FORGIVENESS OF $4.7 MILLION PRINCIPAL LOAN
AMOUNT,
PLUS ACCRUED INTEREST, WILL BE RECOGNIZED DURING Q2 OF FISCAL
YEAR ENDING DECEMBER 31, 2021

Source text: [ID: https://bit.ly/3yt4unq]
Further company coverage:  CFMS.O 

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