iBio Inc. has announced an extension of the maturity date for its $1.5 million promissory note with Safi Biotherapeutics Inc. Originally set to mature on June 19, 2025, the note's maturity date has now been extended to June 19, 2026. As part of the agreement, iBio Inc. will ensure all accrued interest is paid at the time of the extension. This strategic move allows the company additional time to manage its financial obligations effectively.
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. iBio 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: 0001420720-25-000027), on June 18, 2025, and is solely responsible for the information contained therein.