debt
confidence high
sentiment negative
materiality 0.75
Sonendo defers debt amortization, conditions relief on $8M equity raise by March 31
Sonendo, Inc.
- Feb 28, 2025 amortization payment deferred to March 31; waived if $8M gross proceeds equity raise completed by that date.
- No amortization payments due through Sept 30, 2025 if equity raise closes; further deferral through March 2026 needs $5M additional financing.
- Going concern qualification in FY2024 audit waived; revenue covenants adjusted downward contingent on equity raise.
- Amendment signed with Perceptive Credit Holdings III, LP as sole lender and collateral agent.