Yield10 Bioscience Settles Convertible Note Early for $500K

An announcement from Yield10 Bioscience (YTEN) is now available.

Yield10 Bioscience, Inc. and MPC Investment LLC have mutually agreed to terminate a $1 million senior unsecured convertible note, with an 8% annual interest rate, ahead of its maturity date. Instead of the full amount plus interest, totaling over $1.1 million, a settlement of $500,000 was made by the company to fully satisfy the obligations of the note, marking the end of their financial agreement.

For a thorough assessment of YTEN stock, go to TipRanks’ Stock Analysis page.