Company: SWKH
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050155
Chunk: 27

Company: SWK Holdings Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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749 1— — — — — 1,000 1,000 Subtotal - Term Loans$7,929 $61,326 $55,353 $43,057 $— $56,408 $224,073 RoyaltiesGreen$8,005 $11,685 $11,231 $— $15,865 $1,267 $48,053 Yellow— — — — 3,053 — 3,053 Red— — — 3,050 8,433 2,347 13,830 Subtotal - Royalties$8,005 $11,685 $11,231 $3,050 $27,351 $3,614 $64,936 Total Finance Receivables, gross$15,934 $73,011 $66,584 $46,107 $27,351 $60,022 $289,009 

14

Note 4. Acquisitions and Dispositions

MOD3 Exclusive Option and Asset Purchase AgreementWith an effective date of January 1, 2024, the Company entered into an Option and Asset Purchase Agreement (the "Option Agreement") with Aptar on March 14, 2024, which granted Aptar an exclusive option to acquire certain of MOD3 assets related to its business of providing contract development and manufacturing organizations ("CDMO") services to third parties, subject to certain exclusions. Aptar was required to exercise the Option by or before January 1, 2026. In exchange for the exclusive purchase option the partner provided consideration in the form of an "option fee" and "guaranteed revenue payments." The option fee was broken into two components: A low-single digit million fee due within 30 business days of executing the agreement; and should the option not be exercised by the first anniversary of the effective date, an additional low-single digit million fee will be due at that time. The first option fee was paid in April 2024 and the second option fee was paid in February 2025. Option fee payments were included in deferred income until the earlier of term expiration or exercise of the purchase option. Upon the exercise of the purchase option, the option fee payments were applied towards the purchase price.The guaranteed revenue payments included two components: A mid-single digit million guaranteed revenue payment in 2024 and a mid-single digit