Brief: Mithra Pharmaceuticals Initiates Monetization Process

Mithra Pharmaceuticals SA

05/03/2024 06:06

March 5 (Reuters) - Mithra Pharmaceuticals SA
 MITRA.BR :
    * MITHRA INITIATES MONETIZATION PROCESS, RECEIVES BRIDGE
LOAN FROM
EXISTING LENDERS
    * MITHRA HAS ENTERED INTO A NEW SECURED BRIDGE LOAN FACILITY
IN A
COMMITTED AMOUNT OF UP TO EUR 13.5 MILLION, SUBJECT TO
MILESTONES; WITH AN UNCOMMITTED FACILITY OF A FURTHER EUR 5
MILLION
    * BRIDGE LOAN FACILITY PROVIDES EXPECTED LIQUIDITY RUNWAY TO
FUND
MONETIZATION PROCESS WITH RESPECT TO KEY ASSETS THROUGH 30 APRIL
    * MONETIZATION PROCESS AND FACILITY ARE FURTHER TO MITHRA'S
06
FEBRUARY 2024 ANNOUNCEMENT ON ITS CASH POSITION

Source text for Eikon:  ID:nGNE65RZD8 
Further company coverage:  MITRA.BR 

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