Iridex Corp (IRIX) Announces Convertible Note Financing

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Go back to Iridex Corp (IRIX) Announces Convertible Note Financing

Iridex Announces Convertible Note Financing

August 5, 2024 8:00 AM EDT

MOUNTAIN VIEW, Calif., Aug. 05, 2024 (GLOBE NEWSWIRE) -- IRIDEX Corporation (Iridex, or the Company) (Nasdaq: IRIX), a worldwide leader providing innovative and versatile laser-based medical systems, delivery devices, and procedure probes for the treatment of glaucoma and retinal diseases, today announced it has executed definitive agreements related to a private placement financing (the Financing) of a senior convertible promissory note (the Initial Note) with Lind Global Asset Management IX LLC, an entity managed by The Lind Partners (together, Lind), which will result in net proceeds of approximately $3.5 million at closing. Subject to certain conditions, the Company... More