{"id":1018762,"date":"2026-11-09T09:57:50","date_gmt":"2026-11-09T14:57:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tevogen-complements-capital-access-with-two-year-extension-to-loan-agreement\/"},"modified":"2026-11-09T09:57:50","modified_gmt":"2026-11-09T14:57:50","slug":"tevogen-complements-capital-access-with-two-year-extension-to-loan-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tevogen-complements-capital-access-with-two-year-extension-to-loan-agreement\/","title":{"rendered":"Tevogen Complements Capital Access with Two-Year Extension to Loan Agreement"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt\">\n          <strong>Up to $28.6 million in borrowing capacity through May 2029<\/strong><br \/>\n          \n        <\/li>\n<\/ul>\n<p>WARREN, N.J., Nov.  09, 2026  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Sy1l0zNnFNwwyT6qvNucZa7mwR_GcSPwgY07EbbsYBOYcvBqlZnHh49fTONjTdG_XVFTck0Yz5WOkzHC0pxCRg==\" rel=\"nofollow\" target=\"_blank\">Tevogen Inc.<\/a> (\u201cTevogen\u201d or the \u201cCompany\u201d) (Nasdaq: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=y4REKiT4bqcyolDhr9ZhpdVuLNagv5yoaFAB0uEQPOIU2_YUFNy4JrVasXz3b2CxhJHf0q5uuPdb0Kflydzd7JjCPRLKNROyxsg3yRJxrIRci7FWEW2shq1hfYTL6mZ2\" rel=\"nofollow\" target=\"_blank\">TVGN<\/a>), a healthcare company focused on combining biopharma, artificial intelligence, and healthcare services to improve the affordability and accessibility of life-saving medicines, has extended the end of the borrowing period under its existing loan agreement with The Patel Family, LLP from May 2027 to May 2029. The facility permits borrowings of up to $28.6 million under the amended agreement, subject to the agreement\u2019s terms and conditions.<\/p>\n<p>The facility complements Tevogen\u2019s existing ATM equity program, originally established to provide for up to $50 million in aggregate sales. Tevogen is not obligated to sell any shares under the program, and any sales are subject to market conditions and applicable requirements.<\/p>\n<p>\u201cWe intend to remain selective about financing decisions and disciplined in our use of capital,\u201d said Ryan Saadi, MD, MPH, Founder and CEO of Tevogen.<\/p>\n<p>The loan agreement permits repayment in cash or shares, subject to applicable terms. Additional information on the amendment appears in the Company\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IpINjVjQUonn8hEuzAwmAkifKKAj_G3vI2qXIYvKxGU0afHrHlfTw29lBdwJDMQpKlQDHg2G4pvgVXu-QKcjKg-wJYRY-iil-bMiR77iQOu_tgUAEJOhgpWb46FslrLefYjX2h-a1_8j1lQJmw5GLnAAwU3FuQxtJ995RbdoJTLH1jRFoT2RBzu00mSYvUGs\" rel=\"nofollow\" target=\"_blank\">Form 8-K<\/a> filed with the SEC regarding the amendment.<\/p>\n<p>\n        <strong>About Tevogen<\/strong>\n      <\/p>\n<p>Tevogen is a healthcare enterprise focused on improving the affordability and accessibility of life-saving medicines. The Company brings together three complementary efforts: Tevogen Bio, its biotechnology initiative; Tevogen.AI, its artificial intelligence and technology initiative; and Tevogen Healthcare Services, its emerging healthcare services initiative.<\/p>\n<p>Together, these efforts are designed to create a more integrated healthcare model in which science, technology, and operational efficiency work together to reduce the cost of medication and expand patient access.<\/p>\n<p>\n        <strong>Forward Looking Statements <\/strong>\n      <\/p>\n<p>This press release contains certain forward-looking statements, including without limitation statements relating to: Tevogen\u2019s expectations regarding the availability, amount, timing, and terms of future financing, including borrowings under its amended credit agreement and sales under its at-the-market equity program; the potential repayment of borrowings in cash or shares; the Company\u2019s intentions regarding financing terms and disciplined use of capital; and the anticipated benefits of combining its biotechnology, artificial intelligence, and healthcare services initiatives, including reducing medication costs and improving patient access. Forward-looking statements can sometimes be identified by words such as \u201cmay,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cgoal,\u201d \u201copportunity,\u201d \u201cproject,\u201d \u201cbelieve,\u201d \u201cfuture,\u201d and similar words and expressions or their opposites. These statements are based on management\u2019s expectations, assumptions, estimates, projections, and beliefs as of the date of this press release and are subject to known and unknown risks, delays, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements.<\/p>\n<p>Factors that could cause actual results, performance, or achievements to differ include, but are not limited to: the risk that financing under the amended credit agreement or at-the-market equity program may not be available in the amounts, at the times, or on the terms anticipated; the ability of the Company and its financing counterparties to satisfy applicable conditions and perform their obligations; market conditions, the trading price and volume of the Company\u2019s common stock, and applicable contractual, securities law, registration, and stock exchange requirements that may limit borrowings, share sales, or repayment in shares; changes in the Company\u2019s operating costs, capital requirements, and financing needs; the need to raise additional capital to fully realize the Company\u2019s business plans; the risk that the Company may not achieve its intended capital allocation objectives or realize the anticipated benefits of its business initiatives; changes in the markets in which Tevogen competes, including competition, technological developments, and regulatory changes; changes in domestic and global economic conditions; difficulties in executing business strategies, managing growth, and hiring and retaining key employees; risks related to the development, licensing, acquisition, regulatory approval, and commercialization of therapeutics and technologies; uncertainties inherent in the execution, cost, and completion of preclinical studies and clinical trials; risks associated with intellectual property protection; the Company\u2019s ability to develop and maintain effective internal controls; and those factors discussed or incorporated by reference in Tevogen\u2019s most recent Annual Report on Form 10-K and subsequent filings with the SEC.<\/p>\n<p>You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Tevogen undertakes no obligation to update any forward-looking statements, except as required by applicable law.<\/p>\n<p>\n        <strong>Contacts<\/strong>\n      <\/p>\n<p>Tevogen Communications<br \/>T: 1 877 TEVOGEN, Ext 701 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uFp1jo0819bIuNH2a5LS0zROzfD4FeRLrLt1YEF3Z6FUkr9Y2VTrTPzNR1FK_APgEpoQ3sf5HFj_O0eb63HK4QfvTPmXtQoJ0geibYSz29HNw8VARpTw8EiOL9-1kbCv\" rel=\"nofollow\" target=\"_blank\">Communications@Tevogen.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MzEwNyM3OTUzNTYxIzIyODk5MTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/N2I4YjQ4OGUtOWQzZi00ZWFlLTk0NjMtMmM2ZWViNTAzNmIzLTEzMDE0NjctMjAyNi0xMS0wOS1lbg==\/tiny\/Tevogen-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Up to $28.6 million in borrowing capacity through May 2029 WARREN, N.J., Nov. 09, 2026 (GLOBE NEWSWIRE) &#8212; Tevogen Inc. (\u201cTevogen\u201d or the \u201cCompany\u201d) (Nasdaq: TVGN), a healthcare company focused on combining biopharma, artificial intelligence, and healthcare services to improve the affordability and accessibility of life-saving medicines, has extended the end of the borrowing period under its existing loan agreement with The Patel Family, LLP from May 2027 to May 2029. The facility permits borrowings of up to $28.6 million under the amended agreement, subject to the agreement\u2019s terms and conditions. The facility complements Tevogen\u2019s existing ATM equity program, originally established to provide for up to $50 million in aggregate sales. Tevogen is not obligated to sell any shares under &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tevogen-complements-capital-access-with-two-year-extension-to-loan-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tevogen Complements Capital Access with Two-Year Extension to Loan Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1018762","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tevogen Complements Capital Access with Two-Year Extension to Loan Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tevogen-complements-capital-access-with-two-year-extension-to-loan-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tevogen Complements Capital Access with Two-Year Extension to Loan Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Up to $28.6 million in borrowing capacity through May 2029 WARREN, N.J., Nov. 09, 2026 (GLOBE NEWSWIRE) &#8212; Tevogen Inc. (\u201cTevogen\u201d or the \u201cCompany\u201d) (Nasdaq: TVGN), a healthcare company focused on combining biopharma, artificial intelligence, and healthcare services to improve the affordability and accessibility of life-saving medicines, has extended the end of the borrowing period under its existing loan agreement with The Patel Family, LLP from May 2027 to May 2029. The facility permits borrowings of up to $28.6 million under the amended agreement, subject to the agreement\u2019s terms and conditions. The facility complements Tevogen\u2019s existing ATM equity program, originally established to provide for up to $50 million in aggregate sales. 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(\u201cTevogen\u201d or the \u201cCompany\u201d) (Nasdaq: TVGN), a healthcare company focused on combining biopharma, artificial intelligence, and healthcare services to improve the affordability and accessibility of life-saving medicines, has extended the end of the borrowing period under its existing loan agreement with The Patel Family, LLP from May 2027 to May 2029. The facility permits borrowings of up to $28.6 million under the amended agreement, subject to the agreement\u2019s terms and conditions. The facility complements Tevogen\u2019s existing ATM equity program, originally established to provide for up to $50 million in aggregate sales. 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