Quanterix agrees to provide Akoya up to $30M in convertible notes pending merger close

Quanterix Corp

Convertible notes up to $30M aggregate principal; draw period runs May 15, 2025 to July 9, 2025 (or Jan 9, 2026 if merger extended).
Interest at SOFR plus applicable margin; monthly interest payable in cash, subordinated to Akoya's existing MidCap debt.
Notes convertible into Akoya common stock at a conversion price based on merger exchange ratio and Quanterix 10-day VWAP.
Conversion capped at 19.99% of Akoya common stock unless stockholder approval obtained; no conversion before merger termination.
Proceeds intended to repay Akoya's existing indebtedness and provide working capital pending merger close.

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