Loan & DebtOct 30, 2026, 04:32 PM
Sangrix Inc.: Convertible Notes Converted to 2.15M Shares
AI Summary
Sangrix Inc. reported that between September 30, 2026, and October 16, 2026, holders of its senior secured convertible notes converted an aggregate principal amount of $3,300,000, along with $209,807 in accrued interest. This conversion led to the issuance of 2,153,257 Class A ordinary shares of the Company, with a par value of $0.0003 per share, at a conversion price of $1.63 per share.
Key Highlights
- Holders of senior secured convertible notes converted $3,300,000 principal plus $209,807 accrued interest.
- Conversion resulted in issuance of 2,153,257 Class A ordinary shares.
- The conversion price was $1.63 per share.
Price Impact
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