Teligent Inc.(fka TLGTQ)

[barnyarddog]

PRE 14A 08/20/2020

1.35 -0.24 (-15.09%)
Volume: 385,030 @08/21/20

...Ownership Restriction (thereby allowing full conversion of the New 2023 Notes) by October 31, 2020,...

...On July 20, 2020, the Company completed the issuance and sale of $13.8 million aggregate principal amount of 9.5% Series C Senior Secured Convertible Notes due 2023 (the “New 2023 Notes”) pursuant to a Note Purchase Agreement (the “Purchase Agreement”), dated July 20, 2020, between the Company and each purchaser of New 2023 Notes (the “Purchasers”). After taking into account original issue discount and other fees payable to the Purchasers (including fees payable in the form of additional New 2023 Notes), the Company received net cash proceeds of approximately $10.0 million, which the Company is using for general corporate purposes.

...The Company also issued approximately $32.3 million in aggregate principal amount of New 2023 Notes in exchange for approximately $35.9 million in aggregate principal amount, plus accrued but unpaid interest


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