Gossamer sets conversion rate $0.19/ share and warrant exercise $0.34 for 7.50% 2030 notes

Gossamer announced an initial conversion price of about $0.19 per share and a Purchase Warrant exercise price of $0.34 tied to its 7.50% Convertible Senior Secured First Lien Notes due 2030.Key Highlights:Original SEC Filing: Gossamer Bio, Inc. [ GOSS ] - 8-K - Jul. 01, 2026This is an AI-powered su…

Gossamer announced an initial conversion price of about $0.19 per share and a Purchase Warrant exercise price of $0.34 tied to its 7.50% Convertible Senior Secured First Lien Notes due 2030.

Key Highlights:

Initial conversion rate set at 5,347.5936 shares per $1,000 principal, implying ~ $0.19 per share.
Initial Purchase Warrant exercise price established at $0.34 per whole share.
Reference Price used was $0.17, calculated over seven trading days beginning June 22, 2026.
Conversion rate determined as the lesser of 5,347.5936 or 1,000 divided by 110% of the Reference Price.
Warrant exercise price determined as the greater of $0.34 or 125% of the Reference Price.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.