Rezolute entered into a $30 million debt financing agreement with investment affiliates managed by SLR Capital Partners.
Fifteen million of the $30 million loan was funded upon closing with an interest only period of 24 months. The remaining fifteen million may be funded upon Rezolute achieving certain predetermined milestones and conditions.
“The access to capital provided by this facility gives Rezolute non-dilutive operational flexibility as we continue advancing our pipeline. Thanks to Armentum Partners in their brokering of this competitive deal for Rezolute,” said Nevan Elam, chief executive officer of Rezolute.