Renovaro converts $9.7 million debt to equity through share issuance
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Renovaro Strengthens Balance Sheet Through Debt Conversion and Advances AI-Driven Initiatives
July 9, 2025 8:00 AM EDTLOS ANGELES, CA / ACCESS Newswire / July 9, 2025 / Renovaro Inc. (NASDAQ: RENB), an AI-driven precision medicine company, today announced that senior debt holders have agreed to convert an aggregate of approximately $9.7 million of outstanding senior debt into convertible debt which they have elected to convert into equity.
Under the terms of the agreement, the Company will issue an aggregate of approximately 53.6 million shares of common stock at a conversion price of $0.30 per share. This share issuance... More
