Longevity Health enters securities purchase deal with Puritan Partners for up to $625,000 in senior secured convertible notes
XAGE•Additional tranches and collateral
The facility includes two additional $125,000 tranches on similar terms, subject to a resale registration statement, with the final tranche at Puritan’s discretion.
The debt is secured by substantially all assets of the company and its subsidiaries.
Securities purchase agreement and initial closing
Longevity Health Holdings signed a securities purchase agreement with Puritan Partners for up to $625,000 via 10% senior secured convertible notes.
- Initial closing on Aug. 31 delivered $375,000 in gross proceeds through a note due Feb. 29, 2028, issued with a 10% original issue discount.
- The note carries 10% annual interest and converts at $0.50 per share, subject to adjustment.
