other material
confidence high
sentiment neutral
materiality 0.35
Gossamer Bio sets conversion price ~$0.19/sh for 7.50% notes; warrant strike $0.34
Gossamer Bio, Inc.
- Initial conversion rate: 5,347.5936 shares per $1,000 principal of 2030 Convertible Notes, equivalent to ~$0.19 conversion price.
- Initial exercise price for Purchase Warrants set at $0.34 per share of common stock.
- Reference price of $0.17 determined over seven trading days starting June 22, 2026, used to calculate both prices.