Item 1.01. Entry into a Material Definitive Agreement.
Reference is made to that certain letter agreement for a term debt facility,
dated
On
Except as modified by the Loan Amendment, the terms and conditions of the Loan Agreement and the Facility remain in full force and effect.
The proceeds of the expanded Facility will be used by the Company for general working capital purposes, including the payment of a portion of previously deferred employee compensation.
The foregoing summary description of the Loan Amendment does not purport to be complete and is qualified in their entirety by reference to complete text of the Loan Amendment, a copy of which is filed as Exhibit 10.1 to Current Report on Form 8-K and are incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
Set forth below is a list of exhibits included as part of this Current Report.
10.1 Letter Agreement to Amend Term Debt Facility, datedJanuary 13, 2022 , between the Company and Mayne Pharma. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
Cautionary Note on Forward-Looking Statements
This Current Report and any related statements of representatives and partners of the Company contain, or may contain, among other things, certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, projections, expectations and intentions and other statements identified by words such as "projects," "may," "will," "could," "would," "should," "believes," "expects," "anticipates,"
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"estimates," "intends," "plans," or similar expressions. These statements are
based upon the current beliefs and expectations of the Company's management and
are subject to significant risks and uncertainties, including those detailed in
the Company's filings with the
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