FibroBiologics Secures $1.2 Million OID Debenture From Peak One With 125,000 Commitment Shares
FibroBiologics issued a $1.2M convertible debenture to Peak One, including 125,000 commitment shares. The debenture, sold at a 15% discount, has 0% interest but converts at $0.78/share if default occurs, with up to 18% interest and 120% acceleration. The company can redeem at par in 2027 if no default happens, with Nasdaq rules limiting ownership and share exchange. Proceeds from future financings or asset sales may repay the debenture.



