Numerex has reduced its outstanding debt by an additional $2M. The company utilized cash to repay $1M on the secured non-convertible term note and converted $1M of outstanding debt into equity under the secured convertible term note. The Company will issue an aggregate of 215,054 shares of our Class A Common Stock in connection with this conversion on October 20. The Company's total debt level now stands at $2M after this reduction. :theflyonthewall.com
News For NMRX From The Last 14 Days
Check below for free stories on NMRX the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
