VolitionRx Limited Announces Pre-Payment in Full of $7.5 million Senior Secured Convertible Promissory Note Due May 20, 2027
VolitionRx Limited announced the full pre-payment in cash of the outstanding balance on its $7.5 million senior secured convertible promissory note issued to Lind Global Asset Management XII LLC, which was due May 20, 2027.
Why it matters — Fully paying off the convertible note in cash eliminates a potential conversion-related equity overhang on VNRX's shares.