other material
confidence high
sentiment neutral
materiality 0.50
Emergent BioSolutions issues 1.1M shares to lenders, sets warrant exercise prices at $9.88 and $15.72
Emergent BioSolutions Inc.
- Issued 1,113,338 shares of common stock at ~$8.98 per share to lenders under Term Loan Agreement.
- Series I Warrants for 1M shares at $9.8802 exercise price; Series II Warrants for 1.5M shares at $15.7185.
- No proceeds from share issuance; company will receive proceeds upon exercise of warrants.
- Warrants expire August 30, 2029, unless exercised earlier.