Scancell secures up to US$25 million BlackRock loan facility
Bitget2026/09/24 05:00- Scancell entered a loan agreement with BlackRock-managed funds for a loan facility of up to USD 25 million.
- Facility structured in four tranches; first three include a convertible portion totaling up to USD 5 million.
- Initial USD 7 million drawdown planned, conditional on shareholder approval at an expected October 2026 EGM.
- Additional USD 8 million expected post US listing transactions; final tranche available until Dec. 31, 2027 subject to an equity threshold.
- Interest set at 10.5% for term loans; 10.95% for convertible facilities, with conversion at a 30% premium to July 23, 2026 financing price.
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