March 23, 2018 / 4:38 PM / 6 months ago

BRIEF-Icad Inc says ‍On March 22, Co Executed First Loan Modification Agreement To Its Aug 7, 2017 Loan and Security Agreement ​

March 23 (Reuters) - Icad Inc:

* ICAD INC - ‍ON MARCH 22, CO EXECUTED FIRST LOAN MODIFICATION AGREEMENT TO ITS AUG 7, 2017 LOAN, SECURITY AGREEMENT WITH SILICON VALLEY BANK - SEC FILING ​

* ICAD INC - ‍AMENDMENT EXTENDED DATE TO DRAW SECOND ADVANCE UNDER LOAN AGREEMENT FROM JULY 30, 2018 TO JUNE 30, 2019​

* ICAD INC - ‍AMENDMENT EXTENDED MATURITY DATE OF SECOND ADVANCE LOAN FROM AUGUST 7, 2021 TO MARCH 1, 2022​

* ICAD INC - ‍AMENDMENT INCREASED FINAL PAYMENT FEE FROM 7% TO 8% OF ORIGINAL PRINCIPAL AMOUNT OF LOANS ADVANCED UNDER LOAN AGREEMENT​ Source text - bit.ly/2DPQ4B7 Further company coverage:

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