As previously disclosed, on April 1, 2022, Oncorus, Inc. (the "Company") entered into a Loan and Security Agreement with K2 HealthVentures LLC, as lender and administrative agent, and Ankura Trust Company, LLC, as collateral agent for the lender (the "Loan Agreement"), which enabled the Company to borrow up to an aggregate of $45.0 million of principal in loan terms upon the achievement of certain time-based and regulatory milestones. The Company borrowed the first tranche of $20.0 million under the Loan Agreement concurrently with its execution (Filing, 8-K, Oncorus, DEC 12, 2023, View Source [SID1234631851]).

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On May 12, 2023, the Company paid in full all of its outstanding obligations and other fees due under the Loan Agreement, consisting of $20.0 million in principal and approximately $1.6 million of accrued interest and related fees and expenses. Following the repayment, the Loan Agreement was terminated in its entirety.