other material
confidence high
sentiment neutral
materiality 0.60
VolitionRx gets Lind waiver for unlimited ATM sales; conversion price set at $0.44
VOLITIONRX LTD
- Lind consents to all ATM sales, removing $10M annual cap; waives related defaults and remedies under Purchase Agreement and Notes.
- Conversion price of $7.5M (May 2025) and $2.4M (Jan 2026) senior secured notes fixed at $0.44; warrant exercise price set at $0.572.
- Lind waives anti-dilution adjustments to Notes/Warrants for ATM sales after Aug 28, 2026; prior adjustments accounted for through that date.
- Company still must apply 20% of ATM proceeds (above exempted amounts) toward note repayment per Section 5.7 of Purchase Agreement.
- Waiver dated Sept 2, 2026; CEO Cameron Reynolds signed for VolitionRx.