Virpax Pharmaceuticals Closes A $2.5M Secured Loan Financing From An Institutional Investor, Enabling The Final Payment Of Its Litigation Settlement
Portfolio Pulse from Benzinga Newsdesk
Virpax Pharmaceuticals has secured a $2.5 million loan from an institutional investor, which will be used to make the final payment of its litigation settlement.
July 08, 2024 | 11:34 am
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Virpax Pharmaceuticals has secured a $2.5 million loan from an institutional investor, enabling the company to make the final payment of its litigation settlement. This financial move helps the company resolve its legal obligations and may improve its financial stability.
The secured loan allows Virpax Pharmaceuticals to settle its litigation, which could remove a significant financial burden and legal uncertainty. This may positively impact investor sentiment and the company's stock price in the short term.
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