Senseonics exchanges $35M convertible notes for pre-funded warrant, issuing 68.5M shares to PHC

Senseonics Holdings, Inc.

Exchanged $35M principal plus accrued interest on convertible notes due Oct 2024 for pre-funded warrant to purchase 68,525,311 shares.
Warrant exercise price is $0.001 per share; notes were cancelled upon closing on April 1, 2023.
Issuance exempt from SEC registration under Section 3(a)(9) as exchange with existing securityholder.
No new cash raised; debt eliminated but significant equity dilution for existing shareholders.

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