GreenBox Pos down after extending convertible notes' maturity date

RTB Digital

17/08/2022 13:46

** Shares of Greenbox Pos  GBOX.O  down 4% at $1.89
premarket
    ** Fintech co says it has entered into an agreement to
restructure the terms of its $100 million convertible note
financing  urn:newsml:reuters.com:*:nGNX2jP9XV
    ** Originally entered into on Nov. 2, 2021, the note
maturity will be extended to November 5, 2023 from Nov. 5, 2024
    ** For interest payments due on and after Oct. 3, 2022,
unless specified with a written notice that interest will be
paid in cash, GreenBox will issue shares of its common stock -
co
    ** GBOX shares down 53% YTD, as of last close

 (Reporting by Mehnaz Yasmin in Bengaluru)
 ((Mehnaz. Yasmin@thomsonreuters.com))