Imunon converts USD 1.2 million debt into newly issued preferred shares
Bitget2026/09/29 12:07- Imunon exchanged USD 1.2 million of A-1 Note principal, accrued interest for 120 shares of newly designated Series B Preferred Stock.
- Transaction cut outstanding debt by about 43% while increasing stockholders’ equity.
- No common stock issued. No warrants issued. Series B Preferred Stock is non-convertible into common stock.
- Series B priced at USD 10,000 per share with USD 12,000 stated value. Company designated 200 Series B shares.
- Exchange did not provide additional cash proceeds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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