Completes $77 million debt-for-equity exchange with Series C noteholders and senior secured lenders at premiums of 60% and 30% to the 5 day VWAP
Achieves aggregate reduction in debt of $118 million since June 30, 2020, resulting in current indebtedness of $105 million
Gains access to $4.6 million in incremental financing
Announces "At-The-Market" equity offering
PR Newswire
BUENA, N.J., Jan. 28, 2021
