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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.210+0.4%9:34 AM EST
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From: old 'n cranky11/19/2019 2:05:40 PM
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The Company's founder and President, Anil R. Diwan, PhD., has provided a commitment of up to $2 million as a secured non-convertible loan to help with taking our first drug program through IND filing as a bridge to additional financing.

Watch for an 8K with the terms..

The Company anticipates obtaining a mortgage on the facility, and is in the process of obtaining equity-based financing.
On September 27, the Company filed a Form S-1 public offering with the SEC, that it withdrew on November 5, after the Board of Directors determined that the proposed terms of equity-plus-warrants based offering were not in the best interests of the shareholders. The Company anticipates filing a Form S-1 for public offering of common stock only.
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