Flycanuck
4 years ago
"PAVmed intends to use the net proceeds from the offering to repay all of the companyโs outstanding debt, including all outstanding convertible notes, with the balance to be used for working capital and general corporate purposes."
People don't realize, this doesn't increase dilution. It's a near wash in shares added, becasue the outstanding convertible shares are taken off the books by paying off the convertible holders. It increases float, but not outstanding.
Then the proceeds pay off all other debt, and the company still has around 30M from the offering to use for operations. It's a huge win for the company and shareholders.
Bickema
5 years ago
"PAVmed had cash and cash equivalents of $8.7 million as of March 31, 2020, compared with $6.2 million as of December 31, 2019. Subsequently, in late April 2020, the Company received approximately $3.6 million in proceeds from a private placement with an institutional investor for the sale of a Senior Secured Convertible Note."
Looks like they $12 million in cash no?