- GeoVax secured an unsecured $1.0 million revolving credit facility from Bowery Consulting Group at 12% annual interest maturing in 12 months.
- 5 board members resigned and 3 lender-nominated directors were appointed, shrinking the board to five members.
- Agreement indicates acute cash distress given the small loan size and governance concessions.
?? Negative AI Sentiment (-6.5 / 10)