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MoonLake Secures up to $500 Million in Non-Dilutive Financing from Hercules Capital and Announces a Capital Markets Update on April 29 to Provide Important Clinical Updates
HTGCHercules Capital(HTGC) Newsfilter·2025-04-03 11:00

Agreement with Hercules Capital significantly increases financial and operational strength, provides up to 500millionincapitalwithnodilutiontoshareholders,anattractivecostofcapitalandlowoperationalandstrategicincumbrances,andsetsanewstandardforthequantumofanondilutivefacilityforadevelopmentstagetherapeuticscompany.Facilityaddstothe500 million in capital with no dilution to shareholders, an attractive cost of capital and low operational and strategic incumbrances, and sets a new standard for the quantum of a nondilutive facility for a development-stage therapeutics company.Facility adds to the 448 million cash position disclosed in previously filed 10-K and provides funding for the next steps of the Company's growth, including ...