Loan & DebtJun 16, 2026, 05:26 PM
RedCloud Amends Convertible Notes; Principal to $4.99M, Conversion Price $0.57
AI Summary
RedCloud Holdings plc amended its senior convertible notes on June 15, 2026, in exchange for certain waivers from noteholders. The aggregate principal amount of the notes was adjusted from $4,347,826.08 to $4,987,489. Additionally, the conversion price for the notes was reduced to $0.57 per ordinary share.
Key Highlights
- Original senior convertible notes issued for $4,347,826.08.
- Amendment and waiver agreement entered into on June 15, 2026.
- Aggregate principal amount of notes adjusted to $4,987,489.
- Conversion price reduced to $0.57 per ordinary share.
- Amendment made in exchange for certain waivers from noteholders.
Price Impact
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