Cerenome Enters Financing Agreement With 3i Fund For Senior Secured Facility Of Up To $20M With Royalty-Based Repayments
Under the agreement, the Company received initial funding at closing, with future tranches available upon achieving certain milestones. The financing is intended to support the scale-up of the Company’s proprietary
Cerenome got a loan of up to 20 million dollars that it pays back through a special agreement. Watch to see if the company hits its goals to unlock the rest of the money and whether it uses the funds well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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