iBio Inc. Announces Extension of Promissory Note with Safi Biotherapeutics, Requires Interest Payment for Extension

Reuters
18 Jun
<a href="https://laohu8.com/S/IBIO">iBio Inc.</a> Announces Extension of Promissory Note with Safi Biotherapeutics, Requires Interest Payment for Extension

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.

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