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Neptune Wellness Solutions Inc(NEPT-Q)

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Neptune Announces Closing of Debt Financing

PR Newswire - Fri Jan 13, 2023

LAVAL, QC, Jan. 13, 2023 /PRNewswire/ - Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT), a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that it has closed on a senior secured notes financing (such notes, the "Notes") for gross proceeds of $4,000,000 USD with CCUR Holdings, Inc. and Symbolic Logic, Inc. (collectively, the "Noteholders"). Additionally, Notes in an aggregate principal amount equal to the lesser of * 1,000,000 USD and (y) 25.0% of the net cash proceeds of certain qualified post-initial closing issuances of equity may be issued at a second closing, which must occur, if at all, on or prior to February 28, 2023.


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