--- title: "MeiraGTx extends Perceptive notes to May 2027" url: "https://aibio.space/news/meiragtx-extends-perceptive-notes-may-2027-agrees-redeem-25-000-000/" publisher: "aibio.space (Biotech Investor Relations News)" date: "2026-03-26" section: "Financings" tickers: "NASDAQ:MGTX" source: "https://www.sec.gov/Archives/edgar/data/1735438/000110465926034904/mgtx-20260325x8k.htm" summary: "MeiraGTx (Nasdaq: MGTX) moved the maturity of its Perceptive notes from August 2, 2026 to May 2, 2027. It will redeem $25,000,000 by June 30, 2026, and Per" --- By the aibio.space news desk. Sources - [MeiraGTx Holdings plc Form 8-K filed March 26, 2026 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/1735438/000110465926034904/mgtx-20260325x8k.htm) - [MeiraGTx Holdings plc exhibit mgtx-20260325xex99d1.htm to the March 26, 2026 Form 8-K (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/1735438/000110465926034904/mgtx-20260325xex99d1.htm) - [MeiraGTx Holdings plc Form 10-K filed March 13, 2025: business overview and signatures (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/1735438/000155837025002867/mgtx-20241231x10k.htm) [MGTX](https://aibio.space/companies/meiragtx/) 2026-03-26 # MeiraGTx extends Perceptive notes to May 2027, agrees to redeem $25,000,000 Tickers [MGTX](https://aibio.space/companies/meiragtx/) MeiraGTx (Nasdaq: MGTX) moved the maturity of its Perceptive notes from August 2, 2026 to May 2, 2027. It will redeem $25,000,000 by June 30, 2026, and Perceptive's warrants are repriced to $8.00. ## Key facts - **Company**: MeiraGTx Holdings plc (NASDAQ: MGTX) - **News type**: Financings - **Primary source**: [MeiraGTx Holdings plc Form 8-K filed March 26, 2026 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/1735438/000110465926034904/mgtx-20260325x8k.htm) *The New York Stock Exchange trading floor. Photo: Carol M. Highsmith, public domain, via Wikimedia Commons. The picture shows the field, not the companies named.* MeiraGTx Holdings plc (Nasdaq: [MGTX](https://aibio.space/companies/meiragtx/)) extended the maturity of its notes under its financing with Perceptive Credit Holdings III, LP from August 2, 2026 to May 2, 2027, and agreed to redeem $25,000,000 of the outstanding principal on or before June 30, 2026. The company also lowered the exercise price on warrants granted to Perceptive to $8.00 per share. It disclosed the changes in a [Form 8-K filed March 26, 2026](https://www.sec.gov/Archives/edgar/data/1735438/000110465926034904/mgtx-20260325x8k.htm). ## What the filing says On March 25, 2026, MeiraGTx, as issuer, and its wholly-owned subsidiaries MeiraGTx UK II Limited and MeiraGTx Ireland DAC, the Subsidiary Guarantors, signed Amendment No. 4 to the Amended and Restated Notes Purchase Agreement and Amendment No. 1 to Warrant Certificates. The other parties are the noteholders and Perceptive, which acts as administrative agent and noteholder. The Notes Purchase Agreement is dated December 19, 2022. Together, the two documents are called the Amendments. Under the Amendments, the Maturity Date moves from August 2, 2026 to May 2, 2027. The company agreed to redeem a portion of the outstanding principal amount of the Notes equal to $25,000,000 on or before June 30, 2026. ## The warrants Perceptive was granted the warrants in August 2022, when MeiraGTx entered into its initial financing with Perceptive. They cover up to 400,000 ordinary shares at an exercise price of $15.00 per share and up to 300,000 ordinary shares at $20.00 per share. The Amendments change the exercise price to $8.00 per Warrant Share. A lower exercise price means the holder can buy the shares for less than before. ## A related party The filing notes the link between the lender and the board. Ellen Hukkelhoven, Ph.D., a member of MeiraGTx's Board of Directors, is Head of Biotechnology Investments at Perceptive Advisors, LLC, an affiliate of Perceptive. The filing also says affiliates of Perceptive own, in the aggregate, more than 10% of the company's outstanding shares. Item 2.03 of the 8-K incorporates the same terms as a direct financial obligation of the company. Chief Financial Officer Richard Giroux signed the 8-K. ## Results and cash position The 8-K also furnishes the company's results for the year ended December 31, 2025. In the earnings press release, filed as [Exhibit 99.1](https://www.sec.gov/Archives/edgar/data/1735438/000110465926034904/mgtx-20260325xex99d1.htm), MeiraGTx reports that as of December 31, 2025 it had cash and cash equivalents of approximately $65.9 million, $3.0 million in receivables due from Johnson & Johnson Innovative Medicine and $15.3 million in tax incentive receivables. The release also describes two sources of outside funding. It says the company formed a joint venture, Hologen Neuro AI Ltd, with Hologen Limited, with a $200 million upfront payment to MeiraGTx. Hologen also committed additional funding into the joint venture of up to $230 million to fully fund the development of the AAV-GAD Parkinson's program through approval. MeiraGTx will hold a 30% ownership in the joint venture. The release also says MeiraGTx received an upfront payment of $75 million from Eli Lilly and Company under a collaboration on AAV-AIPL1, and is eligible for over $400 million in total milestone payments, plus tiered royalties on licensed products. In the same release, MeiraGTx said the FDA granted Breakthrough Therapy Designation for AAV2-hAQP1 for late xerostomia caused by radiotherapy for cancers of the upper aerodigestive tract. ## About the company MeiraGTx describes itself in its [Form 10-K filed March 13, 2025](https://www.sec.gov/Archives/edgar/data/1735438/000155837025002867/mgtx-20241231x10k.htm) as a vertically integrated, clinical-stage genetic medicines company. It says it owns and operates manufacturing facilities in London, United Kingdom and Shannon, Ireland. The 10-K was signed by Alexandria Forbes, Ph.D. as President and Chief Executive Officer and Director, and by Keith R. Harris, Ph.D. as Chairman of the Board and Director. [Report an error](https://aibio.space/reputation/#correction) ## Companies in this story MGTX MeiraGTx Holdings plc NASDAQ ยท United States Open the starter desk ## More in Financings Financings ### [INmune Bio raises $4.50 million in registered direct offering with warrants](https://aibio.space/news/inmune-bio-raises-4-50-million-registered-direct-offering-warrants/) Oct 29, 2026 Financings ### [Lexeo Therapeutics files $300 million shelf registration](https://aibio.space/news/lexeo-therapeutics-files-300-million-shelf-registration/) Oct 29, 2026 Financings ### [ProKidney files $650 million shelf with $200 million Jefferies sales program](https://aibio.space/news/prokidney-files-650-million-shelf-200-million-jefferies-sales-program/) Oct 29, 2026 --- Source page: https://aibio.space/news/meiragtx-extends-perceptive-notes-may-2027-agrees-redeem-25-000-000/. Facts in aibio.space stories are checked against company filings and releases; opinion is labelled. Cite as: aibio.space, "MeiraGTx extends Perceptive notes to May 2027", 2026-03-26, https://aibio.space/news/meiragtx-extends-perceptive-notes-may-2027-agrees-redeem-25-000-000/