Corporate ActionJul 24, 2026, 04:57 PM
Allurion Terminates Debt-for-Equity Deal; Exchanges Stock for Warrants
AI Summary
Allurion Technologies terminated a Securities Purchase and Exchange Agreement with RTW affiliates, which would have converted outstanding debt, including Revenue Interest Financing Agreements and 6% Convertible Secured Notes, into Series B Preferred Stock. As a result, this debt remains outstanding under its original terms. Concurrently, the company entered a new Exchange Agreement with the same RTW affiliates, exchanging 392,766 shares of common stock for an equal number of pre-funded warrants. These warrants have a nominal exercise price of $0.0001 per share and will automatically terminate if RTW forecloses on the RIFAs/Notes or if Allurion files for bankruptcy.
Key Highlights
- Allurion terminated a Securities Purchase and Exchange Agreement with RTW affiliates.
- The terminated agreement would have exchanged outstanding debt for Series B Preferred Stock.
- Debt, including RIFAs and 6% Convertible Secured Notes, remains outstanding.
- Company entered new Exchange Agreement with RTW affiliates.
- 392,766 common shares were exchanged for pre-funded warrants.
- Warrants allow purchase of 392,766 shares at $0.0001 exercise price.
- Warrants terminate upon foreclosure by RTW on RIFAs/Notes or company bankruptcy.
- RTW affiliates owned approximately 38% of common stock before the exchange.
Price Impact
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