Codexis entered a loan and security agreement and issued warrants to lenders. The loan can provide cash, but repayment duties and possible added shares balance that benefit, and the filing gives no terms to show a clear direction.
The borrowing can give Codexis access to cash, but it also creates repayment duties. Warrants could add shares if exercised. The filing gives no amounts or terms showing how large either effect may be.
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