Citius Pharmaceuticals Inc. Issues $1 Million Promissory Note with 15% Interest Rate, Due December 2025

Reuters

06-04

Citius Pharmaceuticals Inc. Issues $1 Million Promissory Note with 15% Interest Rate, Due December 2025

Citius Pharmaceuticals Inc. has issued an unsecured promissory note amounting to $1 million to PAGODA RESOURCES, INC. The note, dated June 2, 2025, carries an interest rate of 15% per annum, compounded monthly, and is set to mature on December 2, 2025. Notably, the company retains the right to prepay the note at any time without incurring a prepayment premium or penalty, with any prepayment applied first to accrued interest and then to the principal. The repayment of this note is personally guaranteed by Leonard Mazur, the Chairman and CEO of Citius Pharmaceuticals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citius Pharmaceuticals Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-050822), on June 03, 2025, and is solely responsible for the information contained therein.

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Issues $1 Million Promissory Note with 15% Interest Rate, Due December 2025","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Citius Pharmaceuticals Inc. Issues $1 Million Promissory Note with 15% Interest Rate, Due December 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Citius Pharmaceuticals Inc. has issued an unsecured promissory note amounting to $1 million to PAGODA RESOURCES, INC. The note, dated June 2, 2025, carries an interest rate of 15% per annum, compounded monthly, and is set to mature on December 2, 2025. Notably, the company retains the right to prepay the note at any time without incurring a prepayment premium or penalty, with any prepayment applied first to accrued interest and then to the principal. 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Issues $1 Million Promissory Note with 15% Interest Rate, Due December 2025\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-04 04:30</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Citius Pharmaceuticals Inc. Issues $1 Million Promissory Note with 15% Interest Rate, Due December 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Citius Pharmaceuticals Inc. has issued an unsecured promissory note amounting to $1 million to PAGODA RESOURCES, INC. The note, dated June 2, 2025, carries an interest rate of 15% per annum, compounded monthly, and is set to mature on December 2, 2025. Notably, the company retains the right to prepay the note at any time without incurring a prepayment premium or penalty, with any prepayment applied first to accrued interest and then to the principal. 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ID: 0001213900-25-050822), on June 03, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250603:nNDL2F8rp8:1","article_id":"2540025047","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540025047","pubTimestamp":1748982650,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Citius Pharmaceuticals Inc. has issued an unsecured promissory note amounting to $1 million to PAGODA RESOURCES, INC. The note, dated June 2, 2025, carries an interest rate of 15% per annum, compounded monthly, and is set to mature on December 2, 2025. Notably, the company retains the right to prepay the note at any time without incurring a prepayment premium or penalty, with any prepayment applied first to accrued interest and then to the principal. The repayment of this note is personally guaranteed by Leonard Mazur, the Chairman and CEO of Citius Pharmaceuticals.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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