Co-Diagnostics Secures Up to $3.1M Convertible Financing; Sets ATM Sweep, Collateral and Registration Terms
Co-Diagnostics secured up to $3.1M in senior secured convertible notes from J.J. Astor & Co., with $2.1M initially funded. The notes have a 1.35x factor, 30 weekly installments, and are backed by a senior-priority lien and subsidiary guarantees. The company also agreed to an ATM proceeds waterfall and a registration rights deal for resale of conversion-related shares. Maxim Group was engaged as placement agent.


