shares of navidea biopharmaceuticals inc were trading higher in tuesdays late session after the company said it closed a loan agreement with vice chairman john k scott jr the companys largest stockholder the loan deal will see mr scott provide an initial 15 million in bridge loan funding the company and mr scott have agreed to terms on a secured bridge loan of up to 25 million navidea said navidea also said its board adopted a rights agreement designed to protect the availability of the companys net operating loss carryforwards and other tax assets at 441 pm et shares of navidea were trading about 12 higher at 85 cents the stock finished the days regular session with a 494 loss closing at 76 cents also on tuesday the company said it received a letter from the nyse american that its plan to regain compliance with the exchanges standard of 6 million in stockholders equity was accepted however the letter informed the company it was out of compliance with other sections of the exchanges rules pertaining to stockholders equity and the reporting of losses the company has until july 28 2023 to regain compliance it said