Qualigen updates secured Marizyme note terms
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Rhea-AI Filing Summary
Qualigen Therapeutics, Inc. filed a current report describing an amendment to its secured borrowing arrangement with Marizyme, Inc. On September 15, 2025, the company entered into Amendment No. 1 to its Amended and Restated Secured Demand Promissory Note dated August 21, 2025.
The amendment corrects the note’s maturity date to August 21, 2026, increases the advance and principal amount by $75,000, and results in a revised outstanding principal balance of $4,526,462.18. The additional advance accrues interest at the same rate set in the existing note, and the company’s obligations remain secured under the existing Security Agreement. The amendment also triggers disclosure of a direct financial obligation under the relevant reporting item.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Qualigen Therapeutics (QLGN) disclose in this 8-K filing?
How did the amendment affect Qualigen Therapeutics’ promissory note with Marizyme?
What is the new maturity date of Qualigen’s amended and restated note?
Does the Marizyme promissory note remain secured after the amendment?
Which reporting items in the 8-K are associated with this debt amendment?
AI-generated analysis. How Rhea-AI works. Not financial advice.