MEI Pharma Inc. has entered into a new master loan agreement with BitGo Prime, LLC, as announced on September 3, 2025. This agreement establishes a framework allowing MEI Pharma to borrow digital assets or cash from BitGo Prime. Each loan will be documented with specific terms such as principal amount, fees, collateral requirements, and maturity date. The interest rate, or loan fee, will be determined for each loan and calculated daily at an annualized rate as specified in each confirmation. The agreement includes provisions for fixed terms, call options, or prepayment options, along with standard collateral and default terms. This arrangement aims to provide MEI Pharma with flexible financing options for its operational needs.
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. MEI Pharma Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000929638-25-003398), on September 04, 2025, and is solely responsible for the information contained therein.
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