What's Going On With T2 Biosystems Stock Now?

What's Going On With T2 Biosystems Stock Now?

Grand News Network / October 24, 2023 5:30 PM

T2 Biosystems, Inc. (NASDAQ: TTOO) shares are trading higher Tuesday, though the stock remains down by more than 75% over the last month.

What To Know:

On Monday, T2 Biosystems announced the successful amendment and extension to its term loan agreement with CRG Servicing LLC.

The amendment extends both the interest-only period and the maturity date by one year from Dec. 31, 2024 to Dec. 31, 2025 and permanently reduces the minimum cash covenant from $5,000,000 to $500,000.

"The amendment and extension ...

Full story available on Benzinga.com


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