Rockley Photonics Announces $90.6 Million Private Placement of New Convertible Notes and Warrants and Repurchase of $63.9 Million of Bridge Notes and Existing Convertible Notes

Oct 25, 2022

Rockley Photonics Holdings Limited (“Rockley”) (NYSE: RKLY), a global leader in photonics-based health monitoring and communications solutions, today announced that it has entered into a definitive agreement with holders of outstanding Convertible Senior Secured Notes due 2026 (or their affiliates) and one new investor to issue approximately $90.6 million aggregate original principal amount of a new series of Convertible Senior Secured Notes due 2026 (the “New Notes”) generating net proceeds after discount of approximately $89.4 million with an initial conversion price of $0.6888 and warrants (the “Warrants”) to purchase 131.6 million ordinary shares of the Company (the “Ordinary Shares”) at a price of $1.1182 per share, subject to certain anti-dilution adjustments.

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