Scienture closes $11M secured debt deal with restrictive terms, 25% default penalties

Filed May 1, 2026 · Period ending April 27, 2026 · ~1 min read

Key Changes

• high

  Company borrowed $11.4M from Streeterville Capital via two secured notes ($8.42M A-1 Note, $3M B Note) with 18-month maturity. Received $8M at closing after $400K discount and $20K fees; $3M held in controlled account.

  Item 1.01 verify on EDGAR →
• high

  Debt secured by all company assets including intellectual property, subsidiary equity, and controlled deposit account. Lender has priority claim on virtually everything if company defaults.

  Item 1.01: Security Agreements verify on EDGAR →
• high

  Default triggers can add up to 25% penalty to debt balance. Major defaults (payment failure, bankruptcy) add 15% each; minor defaults (listing issues, judgments over $500K) add 5% each. Uncured defaults allow immediate acceleration with 18% penalty interest.

  Item 1.01: Default Provisions verify on EDGAR →