ReShape Lifesciences Inc. Announces $200,000 Loan Agreement with Vyome Therapeutics to Support Upcoming Merger

Reuters07-04
<a href="https://laohu8.com/S/RSLS">ReShape Lifesciences</a> Inc. Announces $200,000 Loan Agreement with Vyome <a href="https://laohu8.com/S/LENZ">Therapeutics</a> to Support Upcoming Merger

ReShape Lifesciences Inc. has entered into a promissory note agreement with Vyome Therapeutics, Inc., as disclosed in a recent Form 8-K filing. Under this agreement, ReShape will provide a loan of $200,000 to Vyome, intended for working capital and expenses related to their merger agreement dated July 8, 2024. The loan will bear an interest rate of 8% per annum and is due for repayment by September 30, 2025, unless the merger is completed beforehand. If the merger proceeds as planned, Vyome will not have to repay the loan, with the outstanding amount counted as ReShape's net cash under the merger terms. If the merger agreement is terminated under specific conditions, the promissory note will become a senior secured obligation for Vyome.

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