Our Bond Converts About $15M of Debt and Preferred Stock to Equity
The conversion removes about $3.7 million in 2027 loan payments and cash preferred dividends. Ascent Partners Fund committed up to $10 million at $2.75 per share, a 23% premium to the October 30 closing price.
Our Bond, Inc. converts approximately $15M of debt and preferred stock into equity, removing approximately $3.7M of 2027 loan payments and cash preferred dividends. Ascent Partners Fund LLC commits up to $10M at $2.75 per share, a 23% premium to the October 30 closing price.Material DetailsContext…