Brief: Accelerate Diagnostics - entered into exchange agreement with Jack W. Schuler Living Trust, a holder of co’s 2.50% convertible senior notes due 2023

Accelerate Diagnostics

15/08/2022 13:51

Aug 15 (Reuters) - Accelerate Diagnostics Inc  AXDX.O :
    * ACCELERATE DIAGNOSTICS - ENTERED INTO EXCHANGE AGREEMENT
WITH
JACK W. SCHULER LIVING TRUST, A HOLDER OF CO’S 2.50% CONVERTIBLE
SENIOR NOTES DUE 2023
    * ACCELERATE DIAGNOSTICS - SCHULER TRUST AGREED TO EXCHANGE
WITH
CO $49.9 MILLION OF NOTES FOR $34.9 MILLION SECURED PROMISSORY
NOTE, A WARRANT
    * ACCELERATE DIAGNOSTICS - UNDER TERMS OF EXCHANGE
AGREEMENT,
WARRANT TO ACQUIRE CO'S COMMON STOCK HAS EXERCISE PRICE OF $2.12
PER SHARE

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