Incannex Healthcare Limited Sponsored ADR ( (IXHL) ) has provided an update.
On March 13, 2025, Incannex Healthcare Inc. repaid its outstanding 10% Original Issue Discount Senior Secured Convertible Debenture in full, which was initially issued under a Securities Purchase Agreement with Arena Special Opportunities (Offshore) Master II LP on September 6, 2024. This repayment, amounting to $3,851,111.00, led to the termination of the Debenture Purchase Agreement and related Security Documents, except for indemnification and registration rights. The company’s actions reflect a strategic financial decision that impacts its financial obligations and contractual relationships, with certain warrants and registration rights agreements remaining in effect.
More about Incannex Healthcare Limited Sponsored ADR
YTD Price Performance: -63.37%
Average Trading Volume: 64,315
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.22M
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