LIXTE BIOTECHNOLOGY HOLDINGS, INC. (LIXT) Form 8-K — Jun 18, 2026
Lixte Biotechnology issued a $6.5 million secured promissory note to NOMAD Transportable Power Systems, the company it agreed to acquire on June 11. The loan proceeds will be used to repay NOMAD’s outstanding debt to BPCP Investment Holdings and fund working capital needs. The note carries an interest rate of 15% and matures 30 days from issuance, though it automatically extends for successive 30-day periods as long as the merger agreement remains in effect. Upon the closing of the merger, the outstanding principal amount of the note will be offset against amounts deliverable to NOMAD.
Key figures
- Debt Amount
- 6500000
- Interest Rate
- 15
- Maturity Date
- 30 days from issuance
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