Nuo Therapeutics closes $325,000 loan funding under amended lending agreement
AURX•Nuo Therapeutics closed a $325,000 second funding on Oct. 6, bringing total borrowings under the facility to $2 million.
1. Loan funding closes
The second funding closed Oct. 6 under an amended loan and security agreement, delivering $325,000 and bringing total borrowings under the facility to $2 million. The secured promissory notes carry 12% annual interest, mature Dec. 31, 2028, and provide for interest payable in warrants.
