Market News / Story
FibroBiologics Secures $1.2 Million OID Debenture From Peak One With 125,000 Commitment Shares
·
FibroBiologics entered into a Securities Purchase Agreement with Peak One to issue a $1.2 million one-year convertible debenture and 125,000 commitment shares in a private placement. The debenture, sold for $1.02 million (15% OID), carries 0% interest and is only convertible after an Event of Default at $0.78 per share; default triggers up to 18% interest and a 120% acceleration. The company must make scheduled payments in 2027 and may redeem at par if no default…