Home » Cipher Acquires Secured Convertible Debt Position in Positron
Cipher Acquires Secured Convertible Debt Position in Positron
Cipher Holding announced that the company has acquired a secured convertible debt position in Positron, a U.S.-based publicly traded manufacturer of positron emission Tomography (PET) scanners from IMAGIN Diagnostics Centres, a Canadian corporation. Cipher Holding will issue 30 million common shares from its treasury for this transaction. Cipher will hold a convertible debt position that converts into an excess of 50 percent ownership of Positron.
Business Wire
KEYWORDS FDAnews Device Daily Bulletin
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21Oct