- 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
For further details see:
Neptune Wellness Solutions closes $4M senior secured notes financing