Paid €4,800,000 (approximately $5.5 million) on March 27, 2026 to settle all obligations under the European Investment Bank (EIB) Finance Contract and related Guarantee Agreement. Settled outstanding EIB debt obligations of approximately $16.4 million as of March 27, 2026, fully satisfying and discharging the agreements. Management characterizes the settlement as a material milestone that removes a substantial overhang and enhances flexibility to pursue strategic alternatives. Quince is conducting a corporate restructuring and an evaluation of strategic alternatives, which may include merger, reverse merger, asset sale, or other strategic transactions. Press release announcing the settlement was issued March 30, 2026.