Avid Bioservices, Inc. Provides Notice of Fundamental Change and Make-Whole Fundamental Change to Holders of its Convertible Notes in Connection with Completed Merger
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Avid Bioservices, Inc. announced a Fundamental Change and Make-Whole Fundamental Change for its 7.00% Convertible Senior Notes due 2029, following a completed merger with Space Finco, Inc. and Space Mergerco, Inc.
February 05, 2025 | 4:00 pm
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Avid Bioservices has completed a merger, triggering a Fundamental Change and Make-Whole Fundamental Change for its Convertible Notes. This could affect the company's financial structure and investor sentiment.
The merger completion and subsequent changes to the Convertible Notes indicate a significant corporate action. While this may not immediately affect stock prices, it could influence investor perception and the company's financial structure.
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