debt
confidence high
sentiment neutral
materiality 0.40
Renalytix repays $1.06M of convertible bonds with ADSs; outstanding principal now $12.72M
Renalytix plc
- Issued 1,818,081 ADSs (3,636,162 ordinary shares) on April 11, 2024 to settle $1.06M of principal and interest due April 7, 2024.
- Principal remaining on 5.5% convertible bonds due April 2027 reduced by $1.06M to $12.72M.
- New ordinary shares admitted to AIM on April 12, 2024; total voting rights rise to 123,552,349.
- Shares issued without SEC registration under Section 3(a)(9) exemption.
- Repayment covers quarterly installment for period from January 8, 2024 to April 7, 2024.