VolitionRx Makes $500,000 Partial Prepayment on Convertible Note
VolitionRx Limited (VNRX) has announced a $500,000 cash partial prepayment toward its senior secured convertible promissory note issued to Lind Global Asset Management XII LLC. This payment reduces the remaining principal balance of the $2.4 million note to approximately $706,667. The company has successfully reduced total debt across two notes by more than $5.0 million since June 30, 2026. As part of the agreement, Lind Global Asset Management has agreed to pause its conversion rights until January 1, 2027, unless Volition's stock price reaches or exceeds $0.275 per share. Additionally, monthly repayments for November and December 2026 have been deferred. CEO Cameron Reynolds stated that the company remains focused on improving its financial position and reducing debt to maximize stockholder value.
Topics: cash prepayment convertible notes debt reduction repayment deferral