Bionano Announces Amendment to Senior Secured Convertible Debentures in Debt Restructuring that Improves Cash Runway
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Bionano Genomics, Inc. has amended its senior secured convertible debentures, deferring the December 2024 payment and reducing monthly payments from January to July 2025, improving its cash runway.
December 31, 2024 | 8:45 pm
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Bionano Genomics has restructured its debt, deferring a December 2024 payment and reducing monthly payments in early 2025, which should improve its cash position.
The amendment to the debentures defers a significant payment and reduces future monthly payments, which should improve Bionano's cash flow and financial stability in the short term. This is likely to be viewed positively by investors, potentially boosting the stock price.
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