Thursday, July 18, 2013 6:27:27 AM
On July 17, 2013, Liquidmetal Technologies, Inc. (the “Company”) and each of the holders of the Company’s Senior Convertible Notes issued on July 3, 2012 in the original aggregate principal amount of $12.0 million (the “Convertible Notes”) agreed to cause all remaining principal and interest under the Convertible Notes to be converted into an aggregate of 18,679,584 shares of the Company’s common stock in full satisfaction of the Convertible Notes. The shares are expected to be delivered to the holders of the Convertible Notes on July 18, 2013. As a result of this conversion, the Convertible Notes will be paid in full and no longer outstanding.
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