Major Goals For ATAI: $175M Secured In Term Loan Facility, Plus Q2 Earnings Report Clinical-stage psychedelics company ATAI Life Sciences N.V. (NASDAQ: ATAI ) announced its financial results for the quarter ended June 30, 2022 and business updates, including a term loan facility agreement for up to $175 million provided by Hercules Capital Inc. (NYSE: HTGC ). The company expects the new non-dilutive financing facility, together with the total existing cash in hand, will provide cash runway until 2025 , as the flexible draw availability provides options to optimize liquidity and capital structure moving forward in ATAI’s developments. The Financial Results Total cash of $312.5 million for the period ended June 30, 2022, compared to $362.3 million as of December 31, 2021. The net decrease of almost $50 million was due to operating activities and additional investments in the platform companies, while receiving $1.9 million from the conversion of promissory notes and equity issuances. RD expenses totaled $17.9 million and $33.4 million for the three and six months ended June 30, 2022 respectively, compared to $16.0 million and $21.6 million for the same periods in 2021.