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Stock impact report

AgeX Therapeutics Reports First Quarter 2022 Financial Results

AgeX Therapeutics, Inc. (AGE) 
Company Research Source: Business Wire
ALAMEDA, Calif.--(BUSINESS WIRE)--AgeX Therapeutics, Inc. (“AgeX”; NYSE American: AGE), a biotechnology company developing therapeutics for human aging and regeneration, reported its financial and operating results for the quarter ended March 31, 2022.Liquidity and Capital Resources2020 Loan AgreementOn January 31, 2022, AgeX borrowed an additional and final $0.5 million of its available credit under a Secured Convertible Facility Agreement, dated March 30, 2020 and as amended July 21, 2020 and November 12, 2020, with Juvenescence Limited (“Juvenescence”). AgeX has now drawn the full amount of the credit available under the 2020 Loan Agreement. The outstanding principal balance of the loans under the 2020 Loan Agreement will become due and payable on March 30, 2023.2022 Secured Convertible Promissory Note and Security AgreementOn February 14, 2022, AgeX and Juvenescence entered into a Secured Convertible Promissory Note (the “Secured Note”) pursuant to which Juvenescence has agree Show less Read more
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