SPRUCE BIOSCIENCES, INC.
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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Sep 30, 2025 · Filed Nov 10, 2025
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Termination of Loan Agreement
On November 4, 2025, we gave notice, effective as of November 7, 2025, of our termination of the Loan Agreement with SVB. The Loan Agreement, as amended, provided for a term loan facility in a principal amount of $5.0 million and was scheduled to mature on January 1, 2026. On November 3, 2025, we voluntarily prepaid in full the outstanding principal balance of the Term Loan, which was $0.4 million, and all accrued and unpaid interest and fees under the Term Loan including the Supplemental Final Payment of $0.3 million.
Insider Trading Arrangements
During our last fiscal quarter, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act)adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
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