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Actionable news in NEOT: NEOTHETICS Inc,

Entry into a Material Definitive

On March 30, 2016, Neothetics, Inc. (the Company) entered into a Second Amendment to Loan and Security Agreement (the Amendment) with Hercules Capital, Inc., in its capacity as administrative agent for itself and the several banks and other financial institutions that are parties to the Loan Agreement (the Lender) providing for, among other things, a revised facility amount of up to $4,000,000 with an interest only repayment period expiring on September 30, 2016, subject to certain financing conditions and no default occurring under the terms of the lease.In connection with entering into the Amendment with the Lender, the Company agreed to pay certain fees at set forth in the Amendment and enter into a Warrant Modification Agreement (the Warrant Modification), dated as of Mar ch 30, 2016 with Hercules Technology...


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