Artivion (AORT) has shared an announcement.
Artivion, Inc. has revised its financial support to Endospan Ltd., increasing its secured loan commitment to $25 million, deliverable in three milestone-based tranches aimed at advancing Endospan’s regulatory progress for their NEXUS® product. This move, detailed in their amended agreements, not only adjusts the previous loan terms but also sets conditions for interest rates, default consequences, and potential acquisition scenarios, with the substantial backing secured by Endospan’s assets. This strategic financial maneuver is set to influence the companies’ trajectories and stakeholder value in the dynamic market landscape.
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