Post by marriott on Aug 5, 2019 20:58:38 GMT
Applied DNA raises $1.5M in secured convertible notes
Jul. 17, 2019 11:21 AM ET|About: Applied DNA Sciences, ... (APDN)|By: Pranav Ghumatkar, SA News Editor
Applied DNA Sciences (APDN -3.5%) has closed on $1.5M in gross proceeds in secured convertible notes with an accredited investor, Dillon Hill Capital.
The Company expects to use the net proceeds for general corporate purposes.
The existing notes amended as part of plan to strengthen balance sheet and regain Nasdaq listing standards compliance.
Jul. 17, 2019 11:21 AM ET|About: Applied DNA Sciences, ... (APDN)|By: Pranav Ghumatkar, SA News Editor
Applied DNA Sciences (APDN -3.5%) has closed on $1.5M in gross proceeds in secured convertible notes with an accredited investor, Dillon Hill Capital.
The Company expects to use the net proceeds for general corporate purposes.
The existing notes amended as part of plan to strengthen balance sheet and regain Nasdaq listing standards compliance.