Acura Pharmaceuticals Amends Secured Loan Agreement to Increase Principal to $9.59 Million

Reuters
Jan 21
Acura Pharmaceuticals Amends Secured Loan Agreement to Increase Principal to $9.59 Million

Acura Pharmaceuticals Inc. has amended its secured promissory note with Abuse Deterrent Pharma, LLC, increasing the aggregate principal amount of the loan facility. The original note, dated November 10, 2022, was for $2,319,279. Through a series of additional loans, the total principal will rise incrementally to $9,594,279 by January 16, 2026. The amendment details specific additional loan disbursements, each in the amount of $100,000, scheduled periodically between July 2025 and January 2026. The agreement was executed by Robert A. Seiser, Senior Vice President and CFO of Acura Pharmaceuticals Inc.

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