T2 Biosystems Announces the Conversion of an Additional $15 Million of CRG Term Loan into Equity [Yahoo! Finance]
T2 Biosystems, Inc. (TTOO)
Last t2 biosystems, inc. earnings: 2/24 04:05 pm
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Source: Yahoo! Finance
Issuer Free Writing Prospectus dated May 6, 2024 Relating to Preliminary Prospectus dated May 6, 2024 Registration No. 333-278866 LEXINGTON, Mass., May 06, 2024 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, today announced the conversion of an additional $15 million of its term loan with entities affiliated with CRG Servicing LLC (“CRG”) into T2 Biosystems equity. Following this conversion, the company has reduced its total debt and quarterly interest payments by approximately 80% percent over the past year. This conversion follows cancellation of $15 million of the CRG Term Loan Agreement in exchange for 3,280,618 shares of common stock and 17,160.48 shares of Series A Convertible Preferred Stock on April 12, 2024. “Through the conversion of debt to equity, we have improved our balance sheet materially over the past 12 months,” stated John Sperzel, Chairman and CEO at T2 B
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News
- T2 Biosystems Announces Closing of $8 Million Private Placement Priced At-The-Market Under Nasdaq Rules [Yahoo! Finance]Yahoo! Finance
- T2 Biosystems Announces Closing of $8 Million Private Placement Priced At-The-Market Under Nasdaq RulesGlobeNewswire
- T2 Biosystems Announces $8 Million Private Placement Priced At-The-Market Under Nasdaq RulesGlobeNewswire
- T2 Biosystems Announces CRG's Conversion from Preferred Stock to Common Stock [Yahoo! Finance]Yahoo! Finance
- T2 Biosystems Announces CRG’s Conversion from Preferred Stock to Common StockGlobeNewswire
TTOO
Analyst Actions
- 4/29/24 - Canaccord Genuity
TTOO
Sec Filings
- 5/14/24 - Form RW
- 5/14/24 - Form 8-K
- 5/13/24 - Form SC
- TTOO's page on the SEC website