- GreenBox ( NASDAQ: GBOX ) has entered into an agreement to restructure the terms of the $100M convertible note financing, originally entered into on Nov. 2, 2021.
- Under the amended agreement, the note maturity will be extended by one year from Nov. 5, 2023 to Nov. 5, 2024.
- Additionally, for interest payments due will be paid in cash, GreenBox will issue shares of its common stock instead.
- “This allows us to focus on our long-term growth initiatives, adding the potential for material M&A opportunities while continuing to accelerate processing volume growth.” said Ben Errez, Chairman of GreenBox.
- GBOX -6.6% premarket to $1.84.
For further details see:
GreenBox announces restructuring of convertible note terms