---
schema_version: "secwatch.filing_event.v1"
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"
generated_at: "2026-05-22T21:05:33.419703+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93314/000147793226003416/0001477932-26-003416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93314/000147793226003416/vnrx_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-003416
- JSON: https://secwatch.observer/filing/0001477932-26-003416.json
- Plain text: https://secwatch.observer/filing/0001477932-26-003416.txt

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