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Stock impact report

Electra Provides Corporate Update [Yahoo! Finance]

Electra Battery Materials Corporation (ELBM) 
Company Research Source: Yahoo! Finance
to announce that the Company and the holders (the "Noteholders") of US$51 million principal amount of 8.99% senior secured convertible notes (the "Notes") have entered into an agreement (the "Waiver") whereby the Noteholders have agreed, subject to certain conditions, to a postponement in the unpaid payment of interest on the Notes payable on the August 15, 2023 and February 15, 2024 interest payment dates (the "Interest") under the convertible note indenture dated as of February 13, 2023 (the "Indenture") that governs the Notes. Pursuant to the Waiver, the Company is required to make payment of accrued Interest on August 15, 2024, other than the Interest to be paid through the Share Issuance (as defined below). In the event of a default by the Company under the Indenture, the Company is required to pay the Interest immediately. Pending repayment, the Interest will be treated as additional principal amounts of Notes entitled to the same rights as the Notes under the Indenture, includi Show less Read more
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