Subscription agreement for sale and issuance of senior secured convertible notes of up to $15.0 million, convertible into common stock
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Subscription agreement for sale and issuance of senior secured convertible notes of up to $15.0 million, convertible into common stock
Initial Closing: Company issued and sold to Daewoong a Convertible Note in the principal amount of $5,000,000
Subsequent Closing: Company issued and sold to Daewoong a second Convertible Note in the principal amount of $10,000,000
Exchange of Convertible Notes held by Daewoong for exchange shares, a new senior secured convertible note for $1.5 million, and warrants to purchase up to 8 million shares
Company to nominate a Daewoong designee to the board; the designee is currently Seongsoo Park, who serves on the board
Fourth Amendment to the License and Supply Agreement, including termination and a $1.00 Know-How purchase right for Daewoong
Fifth Amendment to the License and Supply Agreement entered in connection with the Exchange
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