GLYCOMIMETICS INC
For the period ended Jun 13, 2025. Filed Jun 18, 2025.
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Jun 13, 2025 · Filed Jun 18, 2025
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EX-99.2 · Convertible Notes Payable
Convertible Notes Payable
The Company accounts for the Convertible Note (as defined in Note 4) at amortized cost. The Company considered if optional conversion features are required to be bifurcated and separately accounted for as a derivative. Costs related to the issuance of the Convertible Note were recorded as a debt discount, amortized over the term of the Convertible Note (see Note 4) and were accounted for as interest expense in other income (expense), net within the condensed statement of operations and comprehensive loss using the effective interest method.
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