Scinai Immunotherapeutics Receives Non-Binding LoI From The European Investment Bank For Converting Loan Into Equity
Portfolio Pulse from Benzinga Newsdesk
Scinai Immunotherapeutics has received a non-binding Letter of Intent (LoI) from the European Investment Bank (EIB) to convert its loan into equity. This move could potentially strengthen Scinai's financial position and support its ongoing projects.
June 13, 2024 | 11:21 am
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Scinai Immunotherapeutics has received a non-binding LoI from the EIB to convert its loan into equity. This could improve the company's financial stability and support its ongoing projects.
The conversion of a loan into equity by the EIB can significantly improve Scinai's financial stability by reducing debt and potentially providing more capital for its projects. This is likely to be viewed positively by investors.
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