Rein Therapeutics (NASDAQ: RNTX) ends Yorkville advance and equity agreements
Rhea-AI Filing Summary
Rein Therapeutics, Inc. elected to terminate its Pre-Paid Advance Agreement and its Standby Equity Purchase Agreement with YA II PN, Ltd. (Yorkville) on December 11, 2025.
Under the Pre-Paid Advance Agreement, the company had received advances totaling $3 million, with the most recent advance taken on October 23, 2025. The company conducted no sales of its common stock under the Standby Equity Purchase Agreement before termination and reports that no penalties or fees were incurred in connection with ending either arrangement.
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Insights
Rein Therapeutics ends two Yorkville equity financing arrangements without fees.
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The company states that it incurred no penalties or fees in connection with ending these agreements. This means the two Yorkville financing arrangements are no longer available while the company avoids additional termination costs.
FAQ
What financing agreements did Rein Therapeutics (RNTX) terminate on December 11, 2025?
Rein Therapeutics terminated its Pre-Paid Advance Agreement and its Standby Equity Purchase Agreement, both entered into with YA II PN, Ltd. (Yorkville) on July 29, 2025.
How much had Rein Therapeutics drawn under the Pre-Paid Advance Agreement?
The company had taken a total of $3 million of advances under the Pre-Paid Advance Agreement, with the most recent advance made on October 23, 2025.
Did Rein Therapeutics sell any common stock under the Standby Equity Purchase Agreement (SEPA)?
No. Rein Therapeutics conducted no sales of its common stock under the Standby Equity Purchase Agreement before terminating the arrangement.
Were there any penalties or fees associated with terminating the Yorkville agreements?
The company reports that it incurred no penalties or fees in connection with its election to terminate both the Pre-Paid Advance Agreement and the Standby Equity Purchase Agreement.
Who was Rein Therapeutics counterparty for the terminated financing agreements?
Both agreements were with YA II PN, Ltd., a Cayman Islands exempt limited partnership, referred to as Yorkville.