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0 0 0.00407090232152719 0.00407090232152719 0.00353769757554125 0.00997324703144064 0.0091850313199831 0.00762250958609405
Stock impact report

INmune Bio Inc. Completes Repayment of Silicon Valley Bank Debt [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
company focused on developing treatments that harness the patient's innate immune system to fight disease, announced today that Company's has paid the final installment of its 2021 Loan and Security Agreement (the “Term Loan”) with Silicon Valley Bank and SVB Innovation Credit Fund VIII, L.P. The Term Loan provided for a $15.0 million term loan, of which the Company borrowed the entire amount during 2021. Under the terms of the Term Loan, the Company was required to make interest and principal payments monthly through the maturity date of January 1, 2025. On December 2, 2024, the Company repaid the outstanding balance of the term loan in full. “We are pleased to complete repayment of our remaining obligations for this Term Loan,” said David Moss, Chief Financial Officer of of INmune Bio. “The final payment will reduce our quarterly cash burn while clearing us of all remaining debt, strengthening our balance sheet ahead of data from our Phase 2 Alzheimer's Disease trial.” INmune Bi Show less Read more
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