secwatch.observer — SEC 8-K summary
======================================

Issuer:     VOLITIONRX LTD (VNRX)
CIK:        0000093314
Form:       8-K
Filed at:   2026-05-22T21:00:21+00:00
Accession:  0001477932-26-003416
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93314/000147793226003416/0001477932-26-003416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93314/000147793226003416/vnrx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-003416

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer