NEPT - Neptune Wellness Solutions closes $4M senior secured notes financing

• Consumer-packaged goods company Neptune Wellness Solutions ( NASDAQ: NEPT ) ( TSX: NEPT:CA ) closed a $4M senior secured notes financing with CCUR Holdings and Symbolic Logic.
• The shares was trading ~9% higher pre-market.
• Additionally, the company may issue notes in an aggregate principal amount equal to the lesser of $1M or 25% of the net cash proceeds of certain qualified post-initial closing issuances of equity. The second closing is expected to occur, if at all, on or prior to Feb. 28.
• The notes will mature 12 months from the initial closing and bear interest at a rate of 16.5% per annum.
• Source: Press Release

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