Annual report [Section 13 and 15(d), not S-K Item 405]

Related Party Transactions (Tables)

v3.25.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2024
Related Party Transactions  
Schedule of PIK dividend or equity fee recorded

The following table summarizes, by subsidiary, the PIK dividends, annual equity fees, and equity fees recorded by the Company in accordance with the terms of the Founders Agreements, Exchange Agreements and the partner companies’/subsidiaries’ certificates of incorporation for the years ended December 31, 2024 and 2023 ($ in thousands):

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PIK Dividend

​

Year Ended December 31, 

Partner company

    

Date

    

2024

    

2023

Avenue

​

January 1

​

​

410

​

​

444

Cellvation

 

October 31

​

 

10

​

 

10

Checkpoint

 

January 1

​

 

8,633

​

 

4,370

Cyprium

 

January 1

​

 

291

​

 

304

Helocyte

 

January 1

​

 

39

​

 

120

Mustang

 

January 1

​

 

940

​

 

591

Oncogenuity

 

May 8

​

 

9

​

 

9

Urica

​

November 25

​

​

514

​

​

502

Fortress

​

​

​

 

(10,846)

​

 

(6,350)

Total

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​

​

$

—

​

$

—

​

​

​

Schedule of effective date and annual consulting fee payable by the subsidiary to the Company

The following table summarizes, by partner company/subsidiary, the effective date of the MSA and the annual consulting fee payable by the partner company/subsidiary to Fortress in quarterly installments ($ in thousands):

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Year Ended December 31, 

​

Partner Company/Subsidiary

    

Effective Date

    

2024

​

2023

    

Avenue1

​

February 17, 2015

​

 

250

​

 

500

​

Cellvation

​

October 31, 2016

​

 

500

​

 

500

​

Checkpoint

​

March 17, 2015

​

 

500

​

 

500

​

Cyprium

​

March 13, 2017

​

 

500

​

 

500

​

Helocyte

​

March 20, 2015

​

​

500

​

​

500

​

Mustang

​

March 13, 2015

​

 

500

​

 

500

​

Oncogenuity

​

February 10, 2017

​

​

500

​

​

500

​

Urica

​

November 7, 2017

​

​

500

​

​

500

​

Fortress

​

​

​

 

(3,750)

​

 

(4,000)

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Consolidated (Income)/Expense

​

​

​

$

—

​

$

—

​