Tevogen Extends Patel Family Credit Line Through 2029, With $28.6 Million Remaining
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Tevogen amended its loan agreement with The Patel Family to extend the period for requesting borrowings through May 31, 2029, with up to $28.6 million available for post-amendment borrowings. The amendment sets a $7.40-per-share price for stock issued to repay principal and interest and changes certain share issuance and resale terms. Tevogen also repaid its existing $7.4 million principal balance and $177,880 of accrued interest in shares on November 2, 2026, eliminating outstanding liabilities under the agreement.
Agreement details:
- Agreement type: Amendment to unsecured line of credit
- Counterparty: Patel Family
- Signed / Effective: Oct 27 2026 / Oct 27 2026
- Duration / Termination: Borrowing requests permitted through May 31 2029; each borrowing may remain outstanding for up to 48 months
- Reason: Extend borrowing availability and provide financing flexibility
Original SEC Filing: Tevogen Inc. [ TVGN ] - 8-K - Nov. 02, 2026
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