Realbotix LLC Announces Bridge Loan from Onconetix
Realbotix secures up to US$5 million in merger-linked working capital that is forgivable if the planned Onconetix merger closes.
Bridge loan strengthens Realbotix's working capital position while the parties advance the proposed merger.
The bridge loan provides transaction-aligned working capital to Realbotix LLC while the parties advance the merger.
Key Terms
- Onconetix is the lender, Realbotix LLC is the borrower, and Realbotix Corp. provides a guarantee of payment under the note.
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The facility consists of an unsecured promissory note with an initial draw of
US and additional draws available up to an aggregate amount of$2,500,000 US .$5,000,000 - The note is non-interest bearing. At closing of the merger, the note and all obligations under the loan documents will be automatically cancelled and discharged in full, without payment by Realbotix LLC or Realbotix Corp.
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If the merger agreement is terminated, interest accrues on the outstanding principal amount at
12% per annum from the date of termination.
“The loan provides working capital for Realbotix LLC during the merger process, and preserves the economic alignment between Realbotix and Onconetix,” said Andrew Kiguel, CEO of Realbotix.
The loan agreement contains customary limited representations and warranties, limited events of default, and a negative covenant restricting Realbotix LLC and Realbotix Corp. from incurring, assuming, guaranteeing, or otherwise becoming liable for additional indebtedness without Onconetix’s prior written consent. The loan is unsecured and does not require any security interest, lien, pledge, collateral assignment, UCC filing, or other collateral arrangement.
About Realbotix
Realbotix Corp. is a U.S. based innovator of humanoid robots and embodied AI systems designed for natural human interaction. Manufactured in the United States, Realbotix’s patented technologies enable lifelike facial expressions, fluid movement, vision systems, and advanced social engagement. The Company’s platforms are developed for applications in healthcare, education, service industries, and consumer markets. For more information, visit www.realbotix.ai.
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Forward-Looking Statements
This news release contains forward-looking statements and information within the meaning of applicable securities laws, including management’s objectives, strategies, beliefs, and intentions. Forward-looking statements are often, but not always, identified by words such as “may,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “intend,” “believe,” or similar expressions referring to future events or results.
These forward-looking statements are based on management’s current opinions and expectations and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such statements.
Readers are cautioned not to place undue reliance on forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.
All forward-looking statements are subject to the risks and uncertainties detailed in the Company’s continuous disclosure filings available at www.sedarplus.ca. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260914451410/en/
Andrew Kiguel, CEO
Contact@realbotix.com
media@realbotix.com
sales@realbotix.com
Telephone: 647-578-7490
Source: Realbotix Corp.