RegenETP, Inc. has announced that it will receive $12.5 million in a round of funding on May 20, 2024. The company will issue Common shares for the gross proceeds of $12.5 million from institutional investors and current shareholders in the transaction. The company will be provided remaining gross proceeds of $10 million in senior secured credit facility from Avenue Venture Opportunities Fund, L.P., a fund managed by Avenue Capital Group, LLC.

As on the same date, the company has received $17.5 million in its first tranche. The company has received $12.5 million for the common shares and $5 million for the senior secured credit facility.