[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5286 followers Created: 2025-05-13 11:32:24 UTC $ALT $HTGC Altimmune secures up to $100M in credit facility Altimmune has entered into an agreement with Hercules Capital for up to $XXX million in a credit facility, with a $XX million tranche funded at closing. Additional tranches will become available upon achievement of certain clinical and financial milestones aligned with the Company's pemvidutide development plans and financing needs. Access to this additional capital strengthens Altimmune's balance sheet, which included $XXX million in cash and cash equivalents as of March 31, 2025, and will support the ongoing development of pemvidutide, Altimmune's novel GLP-1/glucagon dual receptor agonist. Pemvidutide is currently being studied in IMPACT, a Phase 2b trial in metabolic dysfunction-associated steatohepatitis, with top-line data expected in Q2 2025. In addition, Phase X trials evaluating pemvidutide in Alcohol Use Disorder and Alcohol Liver Disease are expected to be initiated in the second and third quarters of 2025, respectively. Under the terms of the agreement, $XX million will be drawn at closing. An additional $XX million is available in 2025 at Altimmune's option, subject to certain clinical and financial milestones. The remaining $XX million is available beginning in 2026, with $XX million subject to the achievement of certain clinical and financial milestones and up to $XX million available subject to the approval of Hercules. The facility is structured as interest only for the first XX months, extendable up to XX months on achievement of milestones. The loan matures XX months from closing, and no warrants are included in the agreement. XXX engagements  **Related Topics** [100m](/topic/100m) [alt](/topic/alt) [$100m](/topic/$100m) [$alt](/topic/$alt) [alt aptoslaunch token](/topic/alt-aptoslaunch-token) [coins dao](/topic/coins-dao) [$htgc](/topic/$htgc) [Post Link](https://x.com/CorleoneDon77/status/1922253591059849268)
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DonCorleone77 @CorleoneDon77 on x 5286 followers
Created: 2025-05-13 11:32:24 UTC
$ALT $HTGC Altimmune secures up to $100M in credit facility
Altimmune has entered into an agreement with Hercules Capital for up to $XXX million in a credit facility, with a $XX million tranche funded at closing. Additional tranches will become available upon achievement of certain clinical and financial milestones aligned with the Company's pemvidutide development plans and financing needs. Access to this additional capital strengthens Altimmune's balance sheet, which included $XXX million in cash and cash equivalents as of March 31, 2025, and will support the ongoing development of pemvidutide, Altimmune's novel GLP-1/glucagon dual receptor agonist.
Pemvidutide is currently being studied in IMPACT, a Phase 2b trial in metabolic dysfunction-associated steatohepatitis, with top-line data expected in Q2 2025. In addition, Phase X trials evaluating pemvidutide in Alcohol Use Disorder and Alcohol Liver Disease are expected to be initiated in the second and third quarters of 2025, respectively. Under the terms of the agreement, $XX million will be drawn at closing. An additional $XX million is available in 2025 at Altimmune's option, subject to certain clinical and financial milestones.
The remaining $XX million is available beginning in 2026, with $XX million subject to the achievement of certain clinical and financial milestones and up to $XX million available subject to the approval of Hercules. The facility is structured as interest only for the first XX months, extendable up to XX months on achievement of milestones. The loan matures XX months from closing, and no warrants are included in the agreement.
XXX engagements
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