other material
confidence high
sentiment neutral
materiality 0.65
Senseonics sells $12M Series B Preferred to Energy Capital under 2020 equity line
Senseonics Holdings, Inc.
- Energy Capital exercised its right to purchase $12.0M of Series B Convertible Preferred Stock on Nov 7, 2022.
- Each share is convertible into common stock at $0.3951 per share, subject to anti-dilution adjustments.
- Conversion begins six months after issuance; no minimum stock price condition applied to this purchase.
- Company claims exemption from registration under Section 4(a)(2) of the Securities Act for the sale.
- Proceeds provide additional working capital for the company's operations.