The stock is also 100% pledged with a full lien outstanding. "DI" (no further explanation on that acronym in the filings from what I've seen) and Longitude hold the rights...
Technically, if Alphaeon violates the covenants of the loan agreement, the creditors can instantly sell it. Usually Stock based loans or "SBLOC's" are set up so the creditor can instantly sell. First the creditor notifies the debtor that they need to increase collateral, then if they don't, they have full rights to sell all of the collateral
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