FINANCIAL NEWS
NAS obtains $1M loan
  The Delaware-based NAS said its lenders are collectively its largest stockholder, and Wilfred Jaeger, MD, and Roderick Young, two of the company’s directors, are affiliates of the lenders. The transaction contemplated by the loan agreement was approved by a committee of the NAS board of directors. Under the terms of the loan agreement, NAS said it has agreed to pay an aggregate of $20,000 as a loan fee to the lenders and has granted the lenders warrants to purchase, in the aggregate, one million shares of the its common stock at the price of 39 cents per share. |
