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Arch Biopartners Inc. Arranges Transaction to Settle $2.6M Debt with Units
Sep 26, 2024•over 1 year ago
Contract Type
agreement
TorontoBiotechnologyDescription
Arch Biopartners Inc. has arranged a transaction to settle an aggregate total of $2,600,000 of principal plus accrued interest owing on four deferred convertible notes maturing on September 30, 2024, by issuing units priced at $1.344 per unit. The final conversion terms of the units will be finalized prior to the planned closing date of September 30, 2024.
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