Clinigence Holdings (NUTX) has released an update.
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Nutex Health, Inc. and Yorkville mutually agreed to terminate their Pre-Paid Advance Agreement, effectively ending their financial arrangement that allowed Nutex to request advances up to $100 million, which Yorkville would buy at a discount. Nutex Health took an initial $25 million advance, issued 21.4 million shares to Yorkville, and made prepayments to reduce the principal. By January 2024, Nutex had fully paid off the initial advance, and as of mid-February, all obligations under the agreement were ceased without any outstanding advances, notices, shares to be issued, or termination fees.
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