Item 8.01 Other Events
Aquestive Therapeutics, Inc. (the "Company") was granted a $4.8 million loan on
April 17, 2020 under the Paycheck Protection Program (the "PPP"), Division A,
Title I of the United States CARES Act, which was enacted on March 27, 2020.
Based upon guidance issued yesterday by the Federal Government including a
presumption that no publicly traded companies are eligible for a PPP loan, the
Company intends to return the PPP loan proceeds within the time period imposed
under these new guidelines, subject to any additional guidance that may be
issued by the Federal Government on eligibility criteria for public companies
who have already been granted PPP loans.
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