Research Reports

Summary

Enlivex Ltd. entered into a Securities Purchase Agreement dated March 23, 2026, for a $21 million senior secured convertible promissory note with Lind Global Asset Management XIV LLC, providing net proceeds of approximately $18.7 million. The company also exercised an option to acquire 3,030,303,030 RAIN tokens for $10 million, extended a larger RAIN token option, and approved a $20 million ordinary share repurchase program.

Key takeaways

$21 million principal senior secured convertible promissory note issued to Lind Global Asset Management XIV LLC on March 23, 2026, convertible at $2.69175 per ordinary share
Net proceeds of approximately $18.7 million from the debt financing
Monthly principal repayments starting 90 days after issuance, in cash or shares at company's option
First priority security interest granted in collateral including RAIN tokens via Security Agreement
Exercised option for 3,030,303,030 RAIN tokens at $0.0033 each totaling $10 million
Board approved $20 million ordinary share repurchase program with no expiration date