Motif Bio Interest in Inc Effective on 10th May?8 May 2020 17:12
Ivy / Hasiba,
Any of you have an opinion on the significance of this 10th May date...?
- The terms of the Hercules Agreement are effective immediately, except for provisions of a release that relate to the pledge of Motif Bio's interest in Motif Inc. which will become effective no later than 10 May 2020, being approximately 100 days after Hercules's security interest in all of the intellectual property of Motif Inc. is perfected, provided that no voluntary or involuntary bankruptcy filing has occurred with respect to Motif Bio or Motif Inc.