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Wednesday, March 10, 2021 11:34:35 PM
While the term loans are outstanding, the lenders will have the right to convert a portion of the principal amount outstanding under the term loan (ranging from $5.0 million to $10.0 million in the aggregate) into shares of our common stock at a conversion price equal to $19.57 per share, subject to customary anti-dilution adjustments.
I read 19.57 and immediately thought 57Chevy.
My uncle had two of them when I was a kid.
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” Norm Franz
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