Sentences with phrase «of a convertible note held»
Not exact matches
The new money is coming in the form of a convertible note — a type of loan that eventually converts to an equity stake — and is meant to hold the company over until it can become cash - flow positive.
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The Corporation's board of directors decided to issue convertible notes to address the cash flow issues, leading to substantial dilution the of common shares held by any shareholder who did not subscribe to the notes.