Bionano raises $18M via convertible debt, retires High Trail Note, warns of going concern

Bionano Genomics, Inc.

Issued $20M principal senior secured convertible debentures (11% interest, due 2026) plus 2.25M shares for $18M gross proceeds.
Used ~$17.6M to redeem High Trail Note (outstanding $15.337M at 115% redemption, plus $2.19M retirement fee); Note cancelled.
Debentures convertible at $2.00/share; Company must maintain $11M blocked account; monthly redemption up to $1M allowed.
Cash runway only into Q4 2024; substantial doubt about going concern exists; board formed strategy committee for alternatives.

item 1.01 item 1.02 item 2.03 item 3.02 item 7.01 item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001140361-24-027553
form_type: 8-K
ticker: BNGO
cik: 0001411690
company_name: Bionano Genomics, Inc.
filed_at: 2024-05-28T23:59:59+00:00
discovered_at: 2026-05-14T18:03:18.308591+00:00
generated_at: 2026-06-01T07:56:45.495412+00:00
sec_items: ["1.01", "1.02", "2.03", "3.02", "7.01", "8.01", "9.01"]
event_type: debt
sentiment: negative
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001140361-24-027553
json_url: https://secwatch.observer/filing/0001140361-24-027553.json
markdown_url: https://secwatch.observer/filing/0001140361-24-027553.md
text_url: https://secwatch.observer/filing/0001140361-24-027553.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1411690/000114036124027553/0001140361-24-027553-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1411690/000114036124027553/ef20030067_8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
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Source: SEC EDGAR

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