Eyenovia (EYEN) shares fell about 17% in recent trading on Wednesday after the company reported talks over a potential restructuring.
"The company is in discussions with Avenue Capital Management...regarding a potential restructuring of the amounts owed by the company under its Loan and Security Agreement with Avenue and related entities," Eyenovia said.
The company said it owed $10.1 million in principal and accrued interest to Avenue as of Nov. 19, against its cash and cash equivalents of $700,000.
Eyenovia repeated that it continues to consider steps to maximize value to stakeholders, to cut costs and to evaluate its strategic options.
Price: 0.10, Change: -0.02, Percent Change: -17.03
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