Capstone Therapeutics Reduces Convertible Note Conversion Price in New Agreement with Institutional Investor

Reuters
08/15
Capstone <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Reduces Convertible Note Conversion Price in New Agreement with Institutional Investor

Capstone Therapeutics Corporation has announced a significant financial agreement involving the issuance of senior secured convertible notes to an institutional investor. The total principal amount of these notes is set at $10,909,885, with an 8.34% original issue discount. Initially, a Convertible Note worth approximately $3,272,966 was issued, convertible into shares of Capstone's common stock at a conversion price of $1.72 per share. However, as of August 15, 2025, the company and the investor mutually agreed to adjust the conversion price to $1.00 per share. This adjustment allows conversion up to a principal amount of $1,363,736 under the new terms. This strategic move is expected to enhance the investor's ability to convert the notes and potentially increase the liquidity of Capstone's common stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Capstone Therapeutics Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-077073), on August 15, 2025, and is solely responsible for the information contained therein.

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