FORT Robotics Secures Approximately $20 Million in Additional Funding Led by Tiger Global and Mark Cuban Companies
BioVie entered into an agreement with David Frankel's FounderJJones for $20 million in aggregate principal amount of 10% unsecured convertible senior notes due 2027. The notes are convertible at a fixed price of $2.50 per share, double the closing price on the signing date, and proceeds are earmarked for working capital and general corporate purposes.
Key figures
- Deal Value Usd
- 20000000
- Coupon
- 10.0%
- Security
- unsecured convertible senior notes due 2027
- Lead investor
- David Frankel / FounderJJones
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.