debt
confidence high
sentiment neutral
materiality 0.55
Aspira Women's Health closes $1.37M private placement of convertible notes
Aspira Women's Health Inc.
- Issued $1.37M principal amount of Senior Secured Convertible Notes due March 2030.
- Notes convertible into units of one share plus 2.25 warrants at $0.25 per unit.
- Warrants exercisable at $0.25/share for first 24 months, then $0.50 for five years.
- Company may force conversion if aggregate proceeds from this and future sales exceed $4M.
- Net proceeds to support commercial activities, general corporate purposes and working capital.