---
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"
generated_at: "2026-06-01T07:56:45.495412+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1411690/000114036124027553/0001140361-24-027553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1411690/000114036124027553/ef20030067_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-027553
- JSON: https://secwatch.observer/filing/0001140361-24-027553.json
- Plain text: https://secwatch.observer/filing/0001140361-24-027553.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.