Accuray Incorporated has announced the issuance of two types of warrants to certain lenders as part of a Financing Agreement. The company has issued Premium Warrants to purchase 17,180,710 shares of common stock, exercisable on and after six months from the issue date with an exercise price of $1.68 per share, expiring on June 6, 2032. Additionally, Penny Warrants for 6,247,531 shares are exercisable immediately at $0.01 per share, also expiring on June 6, 2032. The warrants include anti-dilution protection provisions and certain registration rights for the holders.
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