Akari Therapeutics Announces Debt-to-Equity Conversion Following Peak Bio Merger, Amends Convertible Notes and Warrants
Reuters
Sep 26
Akari Therapeutics Announces Debt-to-Equity Conversion Following Peak Bio Merger, Amends Convertible Notes and Warrants
Akari Therapeutics plc has announced the conversion of certain outstanding debt into equity following its recent merger with Peak Bio, Inc. Notes originally issued in April 2023, totaling $0.7 million, along with related warrants, have been converted into American Depository Shares (ADSs) of Akari at a set price per share. This move strengthens the company's balance sheet and aligns with its ongoing strategic initiatives.
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