Eyenovia, Inc. Announces Debt Restructuring Including Amendment to Senior Secured Debt, Improving Cash Runway to Allow for the Evaluation of Strategic Alternatives
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Eyenovia, Inc. has announced a debt restructuring plan that includes an amendment to its senior secured debt. This amendment defers all interest and principal redemption payments until September 2025, providing the company with financial flexibility and reducing near-term cash needs. This move is aimed at improving the company's cash runway to evaluate strategic alternatives.
February 24, 2025 | 12:15 pm
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Eyenovia, Inc. has restructured its debt, deferring interest and principal payments until September 2025. This move enhances financial flexibility and reduces immediate cash requirements, allowing the company to explore strategic alternatives.
The deferral of debt payments until 2025 provides Eyenovia with significant financial breathing room, reducing immediate cash outflows. This is likely to be viewed positively by investors as it allows the company to focus on strategic growth opportunities without the pressure of near-term debt obligations.
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