VolitionRx Limited Announces Pre-Payment in Full of $7.5 million Senior Secured Convertible Promissory Note Due May 20, 2027
VolitionRx announced the full cash pre-payment of the outstanding balance on its $7.5 million senior secured convertible promissory note issued to Lind Global Asset Management XII LLC, more than eight months ahead of its May 20, 2027 maturity date. CEO Cameron Reynolds said prepaying the balance in cash prevents further potential dilution to stockholders associated with the note, and that further debt and expense reduction remains a top priority.
Key figures
- Prepaid note maturity
- May 20, 2027
- Prepaid note principal
- 7500000
- Remaining note balance
- 2041667
- Early payment lead time
- more than eight months ahead of scheduled maturity
- Second note original principal
- 2400000
AI analysis
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