Renovaro Inc., a Delaware-based corporation, has announced a new Exchange Agreement as of 2025. The agreement involves the exchange of secured promissory notes held by certain noteholders for unsecured convertible notes. This move is designed to induce the holders to swap their currently due and payable secured notes for new terms. The agreement, governed by Florida state law, was confirmed by Nathen Fuentes, the company's Chief Financial Officer. This strategic exchange aims to enhance the company's financial flexibility and improve its capital structure. Further details on the principal amounts and specific terms of the replacement notes remain undisclosed.
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