NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Advent has filed statements with Companies House through 12/31/24.

The latest filing states "During the year the Company wrote off a considerable related party debtor balance which has led to the significant loss."
Amounts due from "Other related parties" dropped from 17.3M GBP ($21.75 million) to zero.

Is this an agreed extinguishment of debt, or did Advent unilaterally write off NWBO's debt as uncollectable?

Northwest Bio UK has also filed with Companies House through 12/31/24. This shows an "Amount owed to group undertakings" of 18.9M GBP.

NWBO parent has SEC filings for its 10-K through 12/31/24, plus 3 subsequent 10-Q filings.

If the transaction is an agreed extinguishment of debt between NWBO and Advent, that should impact the financial statements of both parties. So the transaction shown on Advent's financials should also be reflected in the financials for NWBO (UK) and NWBO (US), but I don't see it.

Next 10-K should be very interesting.