Agile Therapeutics (AGRX) has released an update.
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Agile Therapeutics has amended its credit agreement with Perceptive, extending the loan maturity date to March 11, 2024, and will continue monthly payments of $150,000 until then. The company also received a Nasdaq notice granting an extension until March 25, 2024, to meet stockholders’ equity requirements or face delisting, which could negatively impact stock liquidity and capital raising. Despite forward-looking statements, there’s no certainty in regaining compliance or avoiding delisting, which carries risks for the company’s financial future and stock performance.
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