debt
confidence high
sentiment neutral
materiality 0.70
VolitionRx secures $2.0M funding from Lind Global with convertible note and warrants
VOLITIONRX LTD
- Gross proceeds $2M; issues $2.4M senior secured convertible note and 7,000,350 warrants at $0.5714/share.
- Note has 18 monthly payments of $133,333 beginning 6 months after issuance; no interest accrues.
- Lind may increase up to 2 monthly payments to $1M each on notice.
- This is additional to existing $7.5M note from May 2025 with Lind.
- Company must file resale registration statement within 30 days of closing.
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