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BRIEF-VTV Therapeutics on March 24, 2017 borrowed $7.5 mln representing second tranche under venture loan, security agreement dated Oct 28 2016
March 27, 2017 / 8:55 PM / 8 months ago

BRIEF-VTV Therapeutics on March 24, 2017 borrowed $7.5 mln representing second tranche under venture loan, security agreement dated Oct 28 2016

March 27 (Reuters) - VTV Therapeutics Inc:

* VTV Therapeutics Inc - on march 24, 2017,co borrowed $7.5 million representing second tranche under venture loan, security agreement dated Oct 28, 2016

* VTV Therapeutics - in connection with borrowing, co issued to lenders warrants to purchase 38,006 shares of class a common stock at per share exercise price of $5.92

* VTV Therapeutics Inc says warrants will expire on October 28, 2023 Source text (bit.ly/2o3lksP) Further company coverage:

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