Eyenovia, Inc. announced that Avenue Capital Group, now the Company?s largest common stockholder, has agreed to amend Eyenovia?s senior secured debt to further support the Company as it builds its HYPE treasury and reserve of the HYPE token. Pursuant to the terms of the amendment, the maturity date of the debt has been extended from November 1, 2025 to July 1, 2028 and its interest rate reduced from 12% to 8%. One half of the interest will be paid monthly in cash with the other half accrued and paid upon maturity.
The Company will make interest-only payments during the initial 18 months of the extended term with equal principal and interest payments for the remaining 18 months.
