- 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.
For further details see:
Rockley Photonics raises additional financing