Fate therapeutics, inc. announces repayment of full all outstanding obligations under the loan and security agreement dated july 30, 2014, as amended by the first amendment dated july 14, 2017
On november 13, 2019, fate therapeutics, inc. repaid in full all outstanding obligations under the loan and security agreement dated july 30, 2014, as amended by the first amendment dated july 14, 2017 (together, the loan agreement), between the company and silicon valley bank (the bank). the company used cash on hand in the amount of approximately $14.2 million for the repayment of such obligations and fees and expenses related thereto. accordingly, among other things, all of the company's obligations under the loan agreement and all related documents have been paid and discharged in full, any and all unfunded commitments by the bank to make credit extensions or other financial accommodations under the loan agreement have been terminated, and all security interests and other liens granted by the company to the bank to secure the company's obligations under the loan agreement have been terminated and automatically released (other than with respect to customary provisions and agreements that are expressly specified to survive the termination).
FATE Ratings Summary
FATE Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission