Doc, so titan will pay back 3 million to horizon?It says proceeds of 5 million from sale of equity,what equity are they talking about.It seems they are getting out of horizon debt or something?Confusing good or bad I can't make it out.
Titan will prepay $3 million of the outstanding $7 million principle amount, with an additional $1 million prepayment due on the earlier of (i) Titan's receipt of cash proceeds of at least $5 million from the sale of equity or (ii) May 14, 2018. Titan will also provide Horizon with a lien on its intellectual property, which will be released if Titan receives at least $500,000 in aggregate license revenues from sales of Probuphine® in the U.S. and Canada during any consecutive 12-month period prior to December 31, 2019. All other terms and conditions from the original agreement
News 
Market Data 
Discover 
AI
