Assure Holdings exchanges $334K in convertible notes for 1.34M shares; references pending Danam merger

Assure Holdings Corp.

Issued 1,337,371 shares at $0.25/share to four note holders in exchange for $334,342.75 principal.
Exchange was effected under Section 3(a)(9) exemption; no cash consideration was paid.
Company simultaneously reiterates progress on proposed merger with Danam, subject to approvals.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Assure Holdings Corp. entered into Exchange Agreements with certain holders of convertible notes of Assure valued at $334,342.75 (effective 2024-03-13).

Action: entry
Agreement: equity purchase
Counterparty: certain holders of convertible notes of Assure
Value: $334,342.75
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, Assure Holdings Corp., a Nevada corporation (“Assure”) entered into exchange agreements (“Exchange Agreements”) with certain holders (the “Holders”) of convertible notes of Assure (the “Notes”) held by such Holders pursuant to which Assure and the Holders agreed to exchange outstanding principal amounts of Notes for shares of common stock of Assure at a deemed value per share of $0.25.

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Source: SEC EDGAR

accession 0001104659-24-036226

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