T2 Biosystems shareholders vote to convert $15M CRG debt into equity

seekingalpha04-12

T2 Biosystems (NASDAQ:TTOO) on Thursday announced that its stockholders voted for the approval of the conversion of $15 million of its term loan with entities affiliated with CRG Servicing into T2 ...

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Source: Press Release    More on T2 Biosystems  T2 Biosystems, Inc.  Q4 2023 Earnings Call Transcript T2 Biosystems receives extension to comply with Nasdaq listing requirement T2 Biosystems says it achieved full year 2023 total revenue of $7.2M Financial information for T2 Biosystems","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TQQQ":"纳指三倍做多ETF","BK4139":"生物科技","QID":"纳指两倍做空ETF","BK4583":"猴痘概念","PSQ":"纳指反向ETF",".IXIC":"NASDAQ Composite","TTOO":"T2 Biosystems","QLD":"纳指两倍做多ETF","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF"},"translate_title":"T2生物系统公司股东投票决定将1500万美元CRG债务转换为股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTOO":1,".IXIC":0.6,"MNQmain":0.6,"NQmain":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6},"content_text":"T2 Biosystems (NASDAQ:TTOO) on Thursday announced that its stockholders voted for the approval of the conversion of $15 million of its term loan with entities affiliated with CRG Servicing into T2 Biosystems equity. “Following the debt conversion, we are expecting to strengthen our balance sheet by reducing both our total debt and quarterly interest payments to CRG by 36 percent,” said John Sperzel, chairman and CEO at T2 Biosystems.  Source: Press Release    More on T2 Biosystems  T2 Biosystems, Inc. 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