debt
confidence high
sentiment negative
materiality 0.75
Westwater Resources raises $5M via convertible notes; Q2 net loss $3.855M
WESTWATER RESOURCES, INC.
- Issued $5M convertible notes to institutional investors; conversion price $0.83, 24-month maturity.
- Q2 2025 net loss $3.855M ($0.05 EPS) vs $3.819M ($0.07 EPS) in Q2 2024; cash $6.704M.
- Notes amortize monthly; may be prepaid at 115% premium; voting agreements with officers for shareholder approval.
- Series A-1 convertible notes of $4.986M on balance sheet; total liabilities $15.714M.
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