Abeona Therapeutics Announces $50 Million Credit Facility

January 8, 2024

https://www.globenewswire.com/news-release/2024/01/08/2805336/0/en/Abeona-Therapeutics-Announces-50-Million-Credit-Facility.html

CLEVELAND, Jan. 08, 2024 (GLOBE NEWSWIRE) — Abeona Therapeutics Inc. (Nasdaq:ABEO) today announced that it has entered into a $50 million credit facility with the Avenue Venture Opportunities Fund, L.P. The credit agreement, which has a term of three and a half years, includes a first tranche of $20 million at closing, a second tranche of $10 million of committed capital, and an additional accordion option to upsize the credit facility by an additional $20 million upon satisfaction of certain terms and conditions.

Read more at globenewswire.com

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