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Bionano Genomics raises USD 18 million in private debenture placement to retire October 2023 debt
Precision Medicine
May 28, 2024
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Precision Medicine

Precision Medicine

May 28, 2024

Bionano Genomics raises USD 18 million in private debenture placement to retire October 2023 debt

Funding

  • Bionano Genomics has secured USD 18 million through a private placement of senior secured convertible debentures due May 24, 2026. Canaccord Genuity represented the company as the placement agent and the financial advisor during the transaction.

  • The funds are expected to be used to retire the convertible debt financing that was previously entered first in October 2023 and then amended in February 2024.

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