Convertible bond

Noxxon Announces Issuance of Tranches of Convertible Bonds Under Financing Agreement With Atlas

Retrieved on: 
Friday, June 12, 2020
Biotechnology, Pharmaceutical, Health, Oncology, Corporate finance, Convertible bond, Bond, Convertible security

The investor, Atlas Special Opportunities, LLC, has received 967 Convertible Bonds (including 17 Convertible Bonds issued in relation to the transaction fee) with a nominal value of 1,000 each.

Key Points: 
  • The investor, Atlas Special Opportunities, LLC, has received 967 Convertible Bonds (including 17 Convertible Bonds issued in relation to the transaction fee) with a nominal value of 1,000 each.
  • NOXXON maintains an updated summary table of issued convertible bonds in the Investors section of its website.
  • The characteristics, terms, conditions and dilutive potential of the financing may be found in the Annex to the press release published on April 23, 2020 available on the companys website.
  • NOXXON plans to test NOXE36 in patients with solid tumors both as a monotherapy and in combination.

Hexo Corp. Announces Initial Closing of Early Conversion Option for Debentures

Retrieved on: 
Thursday, June 11, 2020
Finance, Economy, Money, Corporate finance, Credit, Debenture, Loans, Convertible bond, Conversion

OTTAWA, June 11, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced an initial closing of its previously announced early conversion option (the Early Conversion Option) in respect of $29.86 million aggregate principal amount of its outstanding $70 million aggregate principal amount of 8% unsecured convertible debentures maturing December 5, 2022 (the Debentures).

Key Points: 
  • OTTAWA, June 11, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced an initial closing of its previously announced early conversion option (the Early Conversion Option) in respect of $29.86 million aggregate principal amount of its outstanding $70 million aggregate principal amount of 8% unsecured convertible debentures maturing December 5, 2022 (the Debentures).
  • Under the initial closing, $23.595 million aggregate principal amount of Debentures was converted into 29,493,750 units of the Company (the Conversion Units) at a price of $0.80 per Conversion Unit.
  • The Conversion Shares are subject to restrictions against resale for 12 months ending June 10, 2021 as part of the terms of the Early Conversion Option.
  • Debentureholders who did not accept the Early Conversion Option are not entitled to the benefit of the Early Conversion Option and will not receive the Conversion Units issuable upon conversion of the Debentures subject to the Early Conversion Option, and retain their full rights under the Debentures including their existing conversion rights.

US Capital Global Finances First Tranche of Convertible Note for EQITrade Limited

Retrieved on: 
Wednesday, June 10, 2020
Finance, Money, Economy, Corporate finance, Structured finance, Financial markets, Convertible bond, Tranche, Financial technology

San Francisco, California, June 10, 2020 (GLOBE NEWSWIRE) -- US Capital Global has successfully closed the first tranche of a multi-million-dollar convertible note for EQITrade Limited.

Key Points: 
  • San Francisco, California, June 10, 2020 (GLOBE NEWSWIRE) -- US Capital Global has successfully closed the first tranche of a multi-million-dollar convertible note for EQITrade Limited.
  • We are very impressed with the speed with which US Capital Global managed to fund the first tranche of the convertible note, said Jason Blick, CEO at EQITrade Limited.
  • We are pleased to have financed this global, market-disruptive FinTech firm through our US Capital Global Business Credit Income Fund, LP, said Charles Towle , Managing Partner at US Capital Global.
  • www.uscapglobal.com
    To learn more about US Capital Global, email Jeffrey Sweeney, Chairman and CEO, at [email protected] or call +1 415-889-1010.

Okta, Inc. Announces Pricing of Offering of $1.0 Billion of Convertible Senior Notes

Retrieved on: 
Wednesday, June 10, 2020
Software, Technology, Internet, Computer access control, Financial markets, Stock market, Convertible bond, Corporate finance, Convertible security, Okta, Securities Act, SEC Rule 144A, Security

Okta, Inc. (Okta) (NASDAQ:OKTA) today announced the pricing of $1.0 billion aggregate principal amount of Convertible Senior Notes due 2026 (the notes) in a private offering (the offering) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).

Key Points: 
  • Okta, Inc. (Okta) (NASDAQ:OKTA) today announced the pricing of $1.0 billion aggregate principal amount of Convertible Senior Notes due 2026 (the notes) in a private offering (the offering) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).
  • Interest will be payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2020.
  • No sinking fund is provided for the notes, which means that Okta is not required to redeem or retire the notes periodically.
  • In connection with the issuance of the 2023 Notes, Okta entered into convertible note hedge transactions (the existing convertible note hedge transactions) with certain financial institutions (the existing counterparties).

Akerna Closes $17 Million Debt Financing

Retrieved on: 
Tuesday, June 9, 2020
Corporate finance, Financial economics, Finance, Money, Convertible bond, Stock

DENVER, June 09, 2020 (GLOBE NEWSWIRE) -- Akerna Corp. (Nasdaq: KERN), a leading provider of enterprise software solutions for the cannabis industry, has closed a $17 million debt financing with two institutional investors.

Key Points: 
  • DENVER, June 09, 2020 (GLOBE NEWSWIRE) -- Akerna Corp. (Nasdaq: KERN), a leading provider of enterprise software solutions for the cannabis industry, has closed a $17 million debt financing with two institutional investors.
  • Proceeds from the financing will be used to support Akernas ongoing growth initiatives, continued investment in technology infrastructure and general corporate purposes.
  • "This financing further strengthens our balance sheet and gives us the ability to capitalize on the significant opportunities that are emerging for Akerna on the heels of the COVID-19 epidemic, said Jessica Billingsley, chief executive officer, Akerna.
  • The financing is in the form of a Senior Secured Convertible Note (the Note), which is convertible into common stock at $11.50 per share.

Mineworx Announces Financings

Retrieved on: 
Tuesday, June 9, 2020
Finance, Corporate finance, Money, Economy, Debenture, Convertible security, Private placement, Catalytic converter, Convertible bond, Warrant, Placement

SURREY, British Columbia, June 09, 2020 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announces that it intends to proceed with a non-brokered private placement and a non-brokered private placement of 12% unsecured convertible debentures.

Key Points: 
  • SURREY, British Columbia, June 09, 2020 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Company" or "Mineworx") (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announces that it intends to proceed with a non-brokered private placement and a non-brokered private placement of 12% unsecured convertible debentures.
  • Each Unit will consist of one (1) common share in the capital of Mineworx Technologies and one (1) common share purchase warrant.
  • The closing of the Offering is expected to occur on or about June 30, 2020 (the Closing).
  • Mineworx is positioned for growth with its partnerships in the E-Waste, Catalytic Converter and mining sectors.

Quini Closes Private Equity Funding Round

Retrieved on: 
Monday, June 8, 2020
Economy, Finance, Corporate finance, Money, National Research Council, MITACS, Debenture, Convertible bond, Funding, IRAP, Canada Media Fund

This funding will support operations, help Quini to advance its artificial intelligence development program and expand the company's sales organization.

Key Points: 
  • This funding will support operations, help Quini to advance its artificial intelligence development program and expand the company's sales organization.
  • The round included Convertible Debenture and equity placements.
  • "I welcome all our new investors to Quini, including OKR Financial, a true leader in funding solutions for technology companies.
  • Quini select projects are co-funded by CMF (Canada Media Fund), NRC (The National Research Council) through the IRAP program and Mitacs.

Arch Raises $1.4 Million with Convertible Note Issuance and Warrant Reprice

Retrieved on: 
Friday, June 5, 2020
Economy, Finance, Money, Liability, Corporate finance, Investment, Loans, Convertible bond, Simple agreement for future equity, Accrued interest, Maturity, Accrual

As part of the capital raising, the Company has issued a Series 1 Unsecured Convertible Note (the Note) to several accredited current investors for the aggregate principal amount of $550,000.

Key Points: 
  • As part of the capital raising, the Company has issued a Series 1 Unsecured Convertible Note (the Note) to several accredited current investors for the aggregate principal amount of $550,000.
  • The Notes accrue simple interest on unpaid principal at a rate of ten percent per year.
  • At maturity, remaining outstanding principal and accrued interest may be either repaid or multiplied by 135% and then Converted at the Conversion Price.
  • Arch is developing products based on an innovative self-assembling barrier technology platform with the goal of making care faster and safer for patients.

Notice of extraordinary meeting of holders of convertible bonds

Retrieved on: 
Thursday, June 4, 2020
Corporate finance, Convertible bond, Bond, Convertible security

Consequently, as of such date, the Convertible Bonds shall bear interest on their principal amount, at a fixed rate of 5.25% per annum, payable as defined in the Terms and Conditions.

Key Points: 
  • Consequently, as of such date, the Convertible Bonds shall bear interest on their principal amount, at a fixed rate of 5.25% per annum, payable as defined in the Terms and Conditions.
  • Once the Paying Agent has issued a Block Voting Instruction for a meeting in respect of Convertible Bonds, it shall not release such Convertible Bonds until either (i) the meeting has been concluded or (ii) the Block Voting Instruction has been surrendered to the Paying Agent.
  • Once instructions to participate in the Meeting or to vote by proxy have been given, the Beneficial Owner's interest in the Convertible Bonds will be blocked until the conclusion of the Meeting or the adjourned meeting of Bondholders (as the case may be).
  • This means that it may not be possible to sell such Convertible Bonds until the conclusion of the Meeting or any adjourned meeting of Bondholders (as the case may be).

BOQI International Medical Announces Closing of Previously Announced Sale of Senior Secured Convertible Notes and Warrants

Retrieved on: 
Thursday, June 4, 2020
Bimi, Finance, Baptist International Missions, Inc., Convertible bond, NASDAQ, GlobeNewswire, Economy, Money

New York, June 04, 2020 (GLOBE NEWSWIRE) -- BOQI International Medical Inc. (NASDAQ: BIMI) (BIMI or the Company) today announced the closing of its previously announced sale of $4.45 million of a new series of senior secured convertible notes (the Convertible Notes) with an original issue discount of 19.85% and ranking senior to all outstanding and future indebtedness of the Company in a private placement to two institutional investors.

Key Points: 
  • New York, June 04, 2020 (GLOBE NEWSWIRE) -- BOQI International Medical Inc. (NASDAQ: BIMI) (BIMI or the Company) today announced the closing of its previously announced sale of $4.45 million of a new series of senior secured convertible notes (the Convertible Notes) with an original issue discount of 19.85% and ranking senior to all outstanding and future indebtedness of the Company in a private placement to two institutional investors.
  • The Convertible Notes do not bear interest except upon the occurrence of an event of default.
  • About BOQI International Medical Inc.
    BOQI International Medical Inc. (formerly known as NF Energy Saving Corporation) (NASDAQ: BIMI) was founded in 2006.
  • BOQI International Medical Inc. offers a broad range of healthcare products and related services.