Neptune announces closing of debt financing

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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