Disc Medicine, Inc. (IRON) Form 8-K — Jun 30, 2026
Disc Medicine entered into a First Amendment to its Loan and Security Agreement with Hercules Capital on June 25, 2026, drawing down $30 million from its Tranche 1-B Advance and restructuring the remaining $50 million Tranche 1-C into two $25 million tranches with extended availability periods through March and April 2027. The amendment also extended the drawdown deadlines for Tranche 2 and Tranche 3 Advances to December 15, 2027 and June 30, 2028, respectively, providing the company with a longer runway to access additional debt capital.
Key figures
- Debt Amount
- 30000000
- Tranche 1 D
- $25,000,000 available through April 30, 2027
- Tranche 1 C split a
- $25,000,000 available through March 31, 2027
- Tranche 1 B drawdown
- $30,000,000
- Tranche 1 C original
- $50,000,000
- Tranche 2 drawdown deadline
- December 15, 2027
- Tranche 3 drawdown deadline
- June 30, 2028
- Minimum cash covenant testing date
- July 1, 2028
Price after filing
Close on the filing date to close N calendar days later (from $73.14). Historical, not a forecast.
AI analysis
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