SEC 8-K News



2024-09-06 06:09:55

IRIDEX Corporation filed a resale registration statement as necessitated by the terms agreed upon in the Securities Purchase Agreement with Lind Global Asset Management IX LLC. The registration includes the maximum number of shares that may be issued upon conversion of a senior convertible promissory note, as well as shares already issued as part of the Purchase Agreement. Although no shares from the note have been issued to Lind as yet, and the exact number that may be issued is conditional on several factors, the full conversion of the $4.2 million note at $2.44 per share could result in around 1.7 million new shares. For regulatory compliance, the total possible shares have been registered.

  • Company Name: IRIDEX Corporation
  • Other Entity: Lind Global Asset Management IX LLC