regulatory
confidence high
sentiment neutral
materiality 0.60
IRIDEX files S-3 to register resale of up to ~1.7M shares from $4.2M convertible note
IRIDEX CORP
- Filed registration statement for resale of shares issuable upon conversion of $4.2M senior convertible note to Lind Global.
- Conversion price $2.44 per share; full conversion would add ~1.7M shares to outstanding.
- No Note Shares currently outstanding; Incentive Shares already issued under Purchase Agreement.
- Company believes actual conversions substantially less but provides no assurance.