Quotient Limited Announces New $95 Million Financing Led by Highbridge
Quotient Limited - Ordinary Shares (QTNT)
Last quotient limited - ordinary shares earnings: 1/30 06:00 am
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US:NASDAQ Investor Relations:
investors.quotientbd.com/investor-relations
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Source: GlobeNewswire
Transaction proceeds will be used to fund the further development of the MosaiQ platform beyond the Donor Lab and the commercial launch of MosaiQ JERSEY, Channel Islands, May 24, 2021 (GLOBE NEWSWIRE) -- Quotient Limited ("Quotient") (NASDAQ: QTNT), a commercial-stage diagnostics company, today announced that it has agreed to sell $95.0 million aggregate principal amount of its new 4.75% Convertible Senior Notes due 2026 (the "Notes") in a private offering to institutional investors, including funds managed by Highbridge Capital Management, LLC (“Highbridge”). Quotient intends to use the net proceeds from the offering for the continued development of the multimodal, multiplexing MosaiQ platform, to prepare for its commercial launch and for other general corporate purposes. The Convertible Notes contain covenants limiting incurrences of new indebtedness and the granting of liens, subject to exceptions, including exceptions that would allow the company to refinance its existing senio
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