Bionano Announces Amendment to Debt Financing Arrangement to Extend Cash Runway
Immediately following the repayments above, there is approximately $24.3 million in aggregate principal amount of the Initial Registered Note outstanding.
- Immediately following the repayments above, there is approximately $24.3 million in aggregate principal amount of the Initial Registered Note outstanding.
- While working in close collaboration with the Buyer, this arrangement seeks both to expand the capital available to Bionano and to reduce the amount of debt on the company’s balance sheet.
- All together this arrangement provides immediate access to $30.0 million of near-term liquidity.
- “The financing from October provided the company with critical near-term capital that enabled us to extend our cash runway.