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The latest announcement is out from RealReal (REAL).
On February 29, 2024, The RealReal, Inc. struck a deal with certain note holders to exchange outstanding convertible senior notes due in 2025 and 2028 for new senior secured notes due in 2029, warrants to purchase company stock, and accrued interest. The transaction, which did not generate cash for the company, involves complex financial instruments and is detailed in agreements that govern the terms, conditions, and covenants of the exchange. The company also issued warrants for purchasing common stock at a set strike price, with particular provisions for adjustments and beneficial ownership limits, all of which will be detailed in the company’s upcoming annual report.
For detailed information about REAL stock, go to TipRanks’ Stock Analysis page.