VolitionRx breaches market cap covenant on notes; obtains waiver with 10% penalty and conversion adjustment

VOLITIONRX LTD

Breached minimum market capitalization covenant on $7.5M (2025) and $2.4M (2026) convertible notes to Lind.
Lind waived rights to accelerate or foreclose; Company must pay additional 10% of outstanding principal.
Conversion price may be lowered to 90% of avg three lowest VWAPs over 20 trading days, subject to 4.99% cap.
Waiver executed May 21, 2026; avoids immediate default but increases future dilution risk.

item 1.01

Machine-readable event card

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accession: 0001477932-26-003416
form_type: 8-K
ticker: VNRX
cik: 0000093314
company_name: VOLITIONRX LTD
filed_at: 2026-05-22T21:00:21+00:00
discovered_at: 2026-05-22T21:02:00.241160+00:00
generated_at: 2026-05-22T21:05:33.419703+00:00
sec_items: ["1.01"]
event_type: debt
sentiment: negative
materiality_score: 0.65
confidence: high
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Source: SEC EDGAR

accession 0001477932-26-003416

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