Vela Technologies #VELA – Investee co Conduit Pharmaceuticals secures $2.65 million funding August 8, 2024 – Posted in: Vela Technologies Plc (VELA)

Vela Technologies #VELA is pleased to note that investee pharmaceutical co Conduit Pharmaceuticals Inc. (NASDAQ:CDT) has entered into a financing agreement securing $2.65 million through a Senior Secured Promissory Note with Nirland Limited. The agreement, effective Monday, includes an issuance of 12.5 million shares of common stock to the purchaser. The promissory note carries an annual interest rate of 12%, accruing daily, with the option for the purchaser to receive interest payments in cash or…

Continue reading