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| Home : Rennova Health, Inc. Announces $9,016,136 Private Placement of Convertible Notes and Repayment or Restructuring of Existing Debt |
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Sep 02
2017 |
Rennova Health, Inc. Announces $9,016,136 Private Placement of Convertible Notes and Repayment or Restructuring of Existing Debt |
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WEST PALM BEACH, FL--(Marketwired - September 01, 2017) - Rennova Health, Inc. (NASDAQ: RNVA) (NASDAQ: RNVAZ), a leader in diagnostic and supportive software solutions for healthcare companies, today announced that it has entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain existing institutional investors of the Company. Pursuant to the Purchase Agreement, the Company has agreed to issue $2,604,000 aggregate principal amount of Senior Secured Original Issue Discount Convertible Debentures due two years from the date of issuance (the "New Debentures") and three series of warrants to purchase shares of the Company's common stock, par value $.01 per share (the "Common Stock"), (each, a "Warrant" and, collectively, the "Warrants"). The Purchase Agreement contains certain customary representations, warranties and covenants. Gross proceeds from the Purchase Agreement are expected to be $2,100,000. The closing of the offering is expected to occur on or before September 15, 2017 and is subject to, among other things, receiving certain consents and other customary closing conditions. |
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| Source:http://www.marketwired.com/mw/release.do?id=2232265&sourceType=3 |
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