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Conduit Pharmaceuticals Announces Debt Restructuring and Additional Notes
CDTduit Pharmaceuticals (CDT) GlobeNewswire News Room·2024-11-01 20:45

SAN DIEGO and LONDON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Conduit Pharmaceuticals Inc. (Nasdaq: CDT) (“Conduit” or the “Company”), today announced the restructuring of a portion of its financial obligations, enhancing its balance sheet and liquidity. The Company has restructured the 2.65millionloannotewithNirlandLimited(“Nirland”)andsecured2.65 million loan note with Nirland Limited (“Nirland”) and secured 1.2 million in new promissory notes through separate agreements with third parties. Conduit entered into a $2.65 million loan note with Nirland on August 6, 202 ...