Weekly Recap: Credit line extended and CEO granted revenue-linked shares

Tevogen Inc. (NASDAQ:TVGN) extended its Patel Family credit line through May 31, 2029, with up to $28.6 million available. It granted CEO and Board Chair Ryan Saadi 50 million restricted shares tied to a revenue target.

Previous Week Recap

• Credit Line Extended, $28.6 Million Available: Tevogen (TVGN) extended its Patel Family credit line through May 31, 2029, with up to $28.6 million available. On Nov. 2, it repaid $7.4 million plus accrued interest in shares.
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• Ryan Saadi Granted 50 Million Shares: • Tevogen Inc. (TVGN) granted CEO and Board Chair Ryan Saadi 50 million restricted shares tied to a revenue target.
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• Podlogar Resigns, Goh Joins Audit Committee: Tevogen Inc. (TVGN) director Susan Podlogar resigned effective immediately, and director Lindee Goh joined the Audit Committee. Both changes took effect November 2, 2026.
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