MiNK Therapeutics (INKT) has released an update.
MiNK Therapeutics, Inc. has secured a financial agreement with Agenus Inc., involving a convertible promissory note worth up to $5.0 million. This arrangement allows MiNK Therapeutics to access funds as needed, subject to Agenus’s approval, at an annual interest rate of 2%. The note is repayable on demand after January 1, 2026, and can be settled in cash or equity in the event of a qualified financing event. This move could signal a strategic growth phase for MiNK Therapeutics, potentially piquing the interest of investors monitoring the biotech sector.
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