Aslan Pharmaceuticals (ASLN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Aslan Pharmaceuticals has entered into a third amendment and forbearation agreement with its lenders, allowing for certain revisions to their existing Loan, Guaranty, and Security Agreement. A key feature of this amendment is the lenders’ option to convert outstanding loan principal into ordinary shares of the company, subject to a conversion price and limit. The agreement also includes provisions to ensure the converted shares can be sold without registration under SEC rules, aiming to maintain the liquidity of these shares in the market.
For further insights into ASLN stock, check out TipRanks’ Stock Analysis page.