other material
confidence high
sentiment neutral
materiality 0.60
Aptose converts $1.5M debt into 409,063 shares at $3.70; amends investor rights with Hanmi
Aptose Biosciences Inc.
- Converted $1,513,533.10 of debt owed to Hanmi into 409,063 common shares at $3.70 per share.
- Interest for Dec. 21, 2024–Mar. 31, 2025 deferred; must be paid by June 27, 2025 to avoid default.
- Amended investor rights: Hanmi gets demand and piggyback registration rights; can nominate employees if ownership ≥10%.
- Company plans $15M capital raise; additional debt conversions allowed post-raise at Hanmi's discretion subject to 19.99% cap.