| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.53 | 3.4% |
| Total Income | 1.53 | 3.4% |
| Expenditure | 19.37 | 21.2% |
| PBT | — | |
| Net Profit | -19.18 | 24.9% |
| OPM | — | |
| NPM | — | |
| EPS | -0.06 |
Ocugen Announces $115 Million Convertible Senior Notes Offering
05 May 2026 · 5 May, 1:38 am
Summary
Ocugen announced a private offering of $115 million of Convertible Senior Notes due 2034. The company intends to use approximately $32.7 million of the net proceeds to repay its loan with Avenue Capital Group. The remaining net proceeds will be used for general corporate purposes. Ocugen also estimates its cash, cash equivalents, and restricted cash were approximately $32.2 million as of March 31, 2026.
Key Highlights
- 1
Ocugen intends to offer $115 million aggregate principal amount of Convertible Senior Notes due 2034 in a private offering.
- 2
The company expects to grant the initial purchaser an option to purchase up to an additional $15 million aggregate principal amount of notes.
- 3
Approximately $32.7 million of the net proceeds will be used to repay the outstanding loan with Avenue Capital Group.
- 4
The remaining net proceeds will be used for general corporate purposes.
- 5
As of March 31, 2026, Ocugen estimates its cash, cash equivalents, and restricted cash were approximately $32.2 million.
Informational and educational content only. Not investment advice.