IRulya Therapeutics Inc 8-K, filed Sep 26, 2025
IRulya Therapeutics Inc. (IRLA)
About this 8-K
IRulya Therapeutics Inc filed this 8-K on September 26, 2025, reporting on events of September 25, 2025.
Items reported
- Item 1.01: Entered into a material agreement
- Item 2.03: New debt or off-balance-sheet obligation
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CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
Previously, on October 20, 2024, Quince Therapeutics, Inc. (the “Company”), entered into an Accession, Amendment, and Restatement Agreement to the Finance Contract dated July 24, 2020, by and between the Company, EryDel Italy, Inc., EryDel US, Inc., EryDel USA, Inc., EryDel S.p.A., and the European Investment Bank, in respect of an unsecured credit facility (the “EIB Facility”).
On September 25, 2025, the Company entered into an amendment to the EIB Facility (the “Amendment”), providing that (i) for the period from January 1, 2026 to March 31, 2026 (the “Amendment Period”), the Company’s required minimum cash balance will be reduced from EUR 14,650,000 to EUR 5,000,000 and (ii) during the Amendment Period, out of the overall 9% Deferred Interest Rate (as defined in the EIB Facility) due in respect of Tranche A and Tranche B under the EIB Facility, 1% will be converted into Fixed Rate (as defined in the EIB Facility) to be paid on March 31, 2026 in respect of Tranche A and Tranche B.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which will be filed as an exhibit to the Quarterly Report on Form 10-Q for the period ending September 30, 2025.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The disclosure included in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| QUINCE THERAPEUTICS, INC. | ||||||
| Date: September 26, 2025 | By: | /s/ Dirk Thye | ||||
| Name: | Dirk Thye | |||||
| Title: | Chief Executive Officer and Chief Medical Officer | |||||