Scancell secures up to US$25 million BlackRock loan facility
I'm LongbridgeAI, I can summarize articles.Scancell secured a loan facility of up to USD 25 million from BlackRock-managed funds. The structure includes four tranches, with the first three containing convertible portions totaling USD 5 million. An initial drawdown of USD 7 million is planned pending shareholder approval at an October 2026 EGM. Additional funding follows US listing transactions, with the final tranche available until December 31, 2027. Interest rates are set at 10.5% for term loans and 10.95% for convertibles.
- Scancell entered a loan agreement with BlackRock-managed funds for a loan facility of up to USD 25 million. * Facility structured in four tranches; first three include a convertible portion totaling up to USD 5 million. * Initial USD 7 million drawdown planned, conditional on shareholder approval at an expected October 2026 EGM. * Additional USD 8 million expected post US listing transactions; final tranche available until Dec. 31, 2027 subject to an equity threshold. * Interest set at 10.5% for term loans; 10.95% for convertible facilities, with conversion at a 30% premium to July 23, 2026 financing price. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scancell Holdings plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609240100PRIMZONEFULLFEED9833040) on September 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)