SS Innovations International, Inc. (SSII) Form 424B5 — Oct 9, 2026
SS Innovations International priced a $21,025,000 secured convertible promissory note with Growth Capital Partners, LLC for a $20,000,000 purchase price, disclosed in a 424B5 prospectus supplement dated October 9, 2026. The note bears 8.75% interest compounded daily, matures in 36 months, and is convertible at 95% of market VWAP with no price floor. The note is secured by the company's intellectual property and substantially all non-Indian assets, with make-whole interest on conversions and default rates up to 18% upon trigger events.
Key figures
- Debt Amount
- 21025000
- Interest Rate
- 8.75% per annum compounded daily
- Maturity Date
- 36 months after purchase price delivery
- Gross Proceeds
- 20000000
- Shares Outstanding
- 200488427
- Default rate
- lesser of 18% per annum or maximum lawful rate
- Closing price
- 2.63
- Shelf capacity
- 150000000
- Conversion price
- 95% of Market Price (lower of prior-day VWAP and 5-day average VWAP)
- Initial share reserve
- 8000000
- Net proceeds estimate
- 19900000
- Original issue discount
- 1000000
- Beneficial ownership limit
- 4.99% (increasable to 9.99%)
- Investor transaction expenses
- 25000
- Trigger event balance increase
- 15% per major / 5% per minor trigger event
AI analysis
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