- Combined transactions will strengthen balance sheet and reduce outstanding debt by more than 90% - - $6 million PIPE financing with potential for over$7 million of additional capital via cash-exercise warrants - - Daewoong has entered binding term sheet for exchange of $15 million of notes plus accrued interest into equity,$1.5 million new note due 2030 and 8 million cash-exercise warrants totaling over $8M of potential proceeds - - Transactions expected to support uninterrupted advancement of AEON’s A ...