NightHawk Biosciences (NHWK) has released an update to notify the public and investors about an entry into a material definitive agreement.
NightHawk Biosciences, Inc. sold its rights in an exclusive license agreement for certain cancer and disease treatment-related provisional patent applications and know-how to Kopfkino IP, LLC for $1,000,000. Separately, Elusys Holdings Inc. bought a $2,250,000 convertible note from NightHawk, bearing 1% interest and maturing in one year, which may convert into 5,727,960 shares of NightHawk’s common stock at $0.39281 per share, subject to stockholder approval and potential adjustments related to subsequent public financing within 60 days of the note’s issue.
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For a comprehensive understanding of the announcement, you can read the full document here.
