Tuhura Biosciences Secures Additional $1.5 Million Loan and Issues Warrants to Lender
Tuhura Biosciences Inc. has amended its existing secured promissory note and loan agreement with the Matthew Nachtrab Revocable Trust. Under the amended terms, the lender extended the loan availability period to December 5, 2025, and provided Tuhura with an additional $1.5 million loan, bringing the total funds advanced to $3.0 million. In connection with the financing, Tuhura issued the lender a warrant to purchase 234,783 shares of common stock at an exercise price of $1.81 per share, with warrants allocated in proportion to amounts borrowed. The warrant will expire two years from the issuance date. No other material changes were made to the original loan agreement.
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