Brief: Cool Offered Holders Of Co's Debt Right To Convert Notes Into Common Or Convertible Preferred Stock

Simply

22/10/2019 11:24

Oct 22 (Reuters) - Cool Holdings Inc  AWSM.O :
    * COOL - OFFERED HOLDERS OF CO'S DEBT RIGHT TO CONVERT ALL
NOTES
INTO COMMON SHARES OR 0% SERIES A CONVERTIBLE PREFERRED STOCK AT
$0.51/EQUITY SECURITY
    * COOL HOLDINGS - NOTES REPRESENT AN AGGREGATE PRINCIPAL
AMOUNT, &
ACCRUED INTEREST, OF ABOUT $17 MILLION
    * COOL HOLDINGS - AMENDMENT AMENDS EXERCISE PRICE OF CERTAIN
EXISTING WARRANTS HELD BY HOLDERS OF NOTES TO $0.51/SHARE

Source text: (http://bit.ly/2PaBAFa)
Further company coverage:  AWSM.O 

 ((Reuters.Briefs@thomsonreuters.com;))