Co-Diagnostics, Inc. has signed a big loan deal with J.J. Astor & Co. for up to $3.1 million.

Oct 15, 2026, 6:22 AM ETDealRead the original at SEC EDGAR

Bad for CODX

Co-Diagnostics received about $2.0 million for working cash and can repay early without penalty. But the first note's amount is 1.35 times the cash borrowed, nearly all company assets back the loan, and shares have already been issued.

CODX · Co-Diagnostics, Inc.

AI read · Bad for CODX

The AI's read

That cash can help Co-Diagnostics pay everyday bills. The first note's stated amount is 1.35 times the cash borrowed, and repayment comes in 30 weekly installments. The company can repay early without penalty, but nearly all its assets back the loan. The lender can also take shares instead of cash, adding to the 600,000 shares already issued. These costs outweigh the cash relief.

Get alerts for CODX

Follow Co-Diagnostics, Inc. (CODX) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for CODX

Free on the App Store and Google Play, or on the web.