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-0.198133838752005 -0.198133838752005 -0.12815279195218 -0.125236915002187 -0.0845604315497885 -0.110511736404724 -0.0944744131797638 -0.0814987607522962
Stock impact report

AgeX Therapeutics Reports Second 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 June 30, 2022.Liquidity and Capital ResourcesDuring the first quarter of 2022, AgeX borrowed the final $0.5 million of its available credit under its 2020 Secured Convertible Facility Agreement with Juvenescence Limited (“Juvenescence”), and entered into a new Secured Convertible Promissory Note (the “Secured Note”) pursuant to which Juvenescence has agreed to provide to AgeX a $13,160,000 line of credit for a period of 12 months. AgeX drew an initial $8,160,000 of the line of credit and used $7,160,000 to refinance the principal and the loan origination fees under its 2019 Loan Agreement with Juvenescence.During the three months ended June 30, 2022, AgeX borrowed an additional $2.0 million under the Secured Note, and as of August 12, 2022, AgeX ha Show less Read more
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