Fennec Pharmaceuticals Inc. 8-K Filing

FAQ

Key Financial Figures

• $30 million — er with POF, collectively, "Petrichor") $30 million of senior secured floating rate convert
• $13,000,000 — tes in an aggregate principal amount of $13,000,000 (consisting of approximately $11.8 mill
• $11.8 million — 13,000,000 (consisting of approximately $11.8 million of original principal balance and appro
• $1.2 million — nal principal balance and approximately $1.2 million in PIK interest). On November 13, 2025
• $21,729,455.30 — ll for an aggregate redemption price of $21,729,455.30 (consisting of: $19,476,655.48 in outst
• $19,476,655.48 — price of $21,729,455.30 (consisting of: $19,476,655.48 in outstanding principal (inclusive of
• $305,134.27 — al (inclusive of accrued PIK interest), $305,134.27 in accrued interest, and a $1,947,665.5
• $1,947,665.55 — $305,134.27 in accrued interest, and a $1,947,665.55 redemption fee). As a result of the for

Filing Documents

• tm2531627d1_8k.htm (8-K) — 30KB
• tm2531627d1_ex10-1.htm (EX-10.1) — 32KB
• tm2531627d1_ex99-1.htm (EX-99.1) — 9KB
• tm2531627d1_ex99-1img001.jpg (GRAPHIC) — 2KB
• 0001104659-25-113915.txt ( ) — 247KB
• fencf-20251113.xsd (EX-101.SCH) — 3KB
• fencf-20251113_lab.xml (EX-101.LAB) — 33KB
• fencf-20251113_pre.xml (EX-101.PRE) — 22KB
• tm2531627d1_8k_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed, on August 1, 2022, Fennec Pharmaceuticals Inc. (the "Company") entered into a Securities Purchase Agreement ("SPA") with Petrichor Opportunities Fund I LP ("POF") pursuant to which the Company previously issued POF and Petrichor Opportunities Fund I Intermediate LP (together with POF, collectively, "Petrichor") $30 million of senior secured floating rate convertible notes (the "Notes"). As further previously disclosed, on December 18, 2024, the Company repurchased and redeemed Notes in an aggregate principal amount of $13,000,000 (consisting of approximately $11.8 million of original principal balance and approximately $1.2 million in PIK interest). On November 13, 2025, the Company entered into a Waiver and Redemption Agreement with Petrichor (the "Redemption Agreement"), pursuant to which the Company agreed to repurchase and redeem the remaining outstanding Notes (the "Remaining Notes") from Petrichor in full on or before November 19, 2025 for a redemption price equal to: (a) 110% of the aggregate outstanding principal amount (inclusive of accrued PIK interest) of the Remaining Notes, plus (b) the aggregate amount of accrued and unpaid interest under the Remaining Notes. In accordance with the Redemption Agreement, on November 17, 2025, the Company repurchased and redeemed the Remaining Notes from Petrichor in full for an aggregate redemption price of $21,729,455.30 (consisting of: $19,476,655.48 in outstanding principal (inclusive of accrued PIK interest), $305,134.27 in accrued interest, and a $1,947,665.55 redemption fee). As a result of the foregoing repurchase and redemption, all of the Company's payment obligations under the Notes have been satisfied in full. The foregoing description of the Redemption Agreement does not purport to be complete and is qualified in its entirety by reference to the Redemption Agreement, a copy of which is attached as Exhibit 10.1 hereto and is

01

Item 8.01 Other Events. On November 19, 2025, the Company issued a news release announcing the repurchase and redemption in full of the Remaining Notes as described under Item 1.01 of this Current Report on Form 8-K. A copy of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information contained in this Item 8.01, as well as Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description Exhibit 10.1 Waiver and Redemption Agreement, dated as of November 13, 2025, by and among Fennec Pharmaceuticals Inc., Petrichor Opportunities Fund I LP, and Petrichor Opportunities Fund I Intermediate LP Exhibit 99.1 Press Release dated November 19, 2025 Exhibit 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FENNEC PHARMACEUTICALS INC. Date: November 19, 2025 By: /s/ Jeff Hackman Jeff Hackman Chief Executive Officer

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