Loan & DebtJul 7, 2026, 04:33 PM
Lifeward Secures $5.58M in Convertible Notes and Warrants
AI Summary
Lifeward Ltd. entered into a securities purchase agreement on June 30, 2026, closing on July 6, 2026, to issue senior secured convertible notes and accompanying warrants to certain investors. The company initially issued $5,580,000.00 in notes and warrants, with the potential for a second tranche of $5,580,000.00 subject to specific conditions. The notes carry an 8.0% annual interest rate, convertible into ordinary shares at $5.40 per share, and mature in three years. Additionally, the company amended and restated previously issued notes and warrants to revise certain provisions.
Key Highlights
- Secured $5,580,000.00 in initial senior secured convertible notes and warrants.
- Potential to issue an additional $5,580,000.00 in notes and warrants.
- Notes accrue interest at 8.0% per annum, increasing to 15.0% upon default.
- Notes are convertible into ordinary shares at an initial price of $5.40 per share.
- Notes mature three years from the date of issuance.
- Beneficial ownership limitation for conversion is 4.99% of outstanding shares.
Price Impact
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