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Rockley Photonics Holdings ( NYSE: RKLY ) has obtained $10M of financing from the holders of its Convertible Senior Secured Notes due 2026.
The agreement also creates a structure for the Co. to work with these holders to explore up to $15M in net additional financing in the form of notes which would be convertible into Rockley’s ordinary shares.
In connection with the investment from current holders, Andrew Rickman, Chairman and CEO, provided an additional $0.5M, bringing the total amount of financing to $10.5M.