Company: SWKH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040420
Chunk: 33

Company: SWK Holdings Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 $64,973 $67,689 $34,222 $32,433 $246,430 December 31, 202420242023202220212020PriorTotalTerm Loans5$— $— $— $16,378 $— $28,926 $45,304 47,929 36,406 55,353 — — — 99,688 3— 24,920 — 11,930 — 26,482 63,332 2— — — 14,749 — — 14,749 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 

13

Note 4. Assets and Liabilities Held For Sale

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 CDMO services to third parties, subject to certain exclusions. Aptar must exercise the Option by or before January 1, 2026. In exchange for the exclusive purchase option the partner is to provide consideration in the form of an "option fee" and "guaranteed revenue payments." The option fee is broken into two components: A low-single digit million fee