LumiraDx (LMDX) Prices $56.5M Convertible Notes Offering
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LumiraDx Announces Pricing of $56.5 Million Convertible Notes Offering
March 1, 2022 7:00 AM UTCLONDON, March 1, 2022 /PRNewswire/ -- LumiraDx Limited (Nasdaq: LMDX) announced today that it entered into privately negotiated subscription agreements with certain investors pursuant to which LumiraDx agreed to sell and the investors agreed to purchase from LumiraDx (the "notes offering") $56.5 million aggregate principal amount of 6.00% Convertible Senior Subordinated Notes due 2027 (the "notes"). The lead investor in the notes offering was UBS O'Connor, with participation from Ron Zwanziger, the founder of LumiraDx. The purchase and sale of the notes are expected to occur on March 3, 2022, subject to customary closing conditions. Â LumiraDx ended... More
