Northwest Biotherapeutics, Inc. announced that it has entered into a commercial loan agreement and note with returning Streeterville Capital, LLC for gross proceeds of $11,005,000 on November 10, 2023. The interest on the loan is 8% per annum and there is 10% original issue discount. The loan has a maturity of 24 months.

Repayments do not start until November 10, 2024. The loan allows pre-payment at any time at the company's election. The loan will be amortized in 12 monthly equal installments of principal at 110% of the pro rata amount, plus accrued interest.