Rennova Health, Inc. Logo
March 05, 2018 09:20 ET
Rennova Health, Inc. Announces $2,480,000 Private Placement of Convertible Note
WEST PALM BEACH, FL--(Marketwired - March 05, 2018) - Rennova Health, Inc. (OTCQB: RNVA) (OTCQB: RNVAW), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers, that opened its first rural hospital in Oneida, Tenn. in August 2017, announced today that it has entered into an additional issuance agreement (the "Agreement") with certain existing institutional investors of the Company. Pursuant to the Agreement, the Company has agreed to issue a further $2,480,000 aggregate principal amount of the September 1, 2017 Senior Secured Original Issue Discount Convertible Debentures due September 19, 2019. Gross proceeds from the Agreement are expected to be $2,000,000. The closing of the offering is expected to occur on or before March 5, 2018 and is subject to, among other things, receiving certain consents and other customary closing conditions.
The securities offered and sold in the private placement have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration under the Securities Act and applicable state securities laws.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities of the Company.
