Rapid Dose Therapeutics announced it will issue common shares to settle $142,067.63 of accrued interest on its secured convertible notes by October 15, 2026. The notes, originally issued in 2023, bear 18% annual interest payable quarterly in shares at the market price. Additionally, the company will issue shares to its non-management directors to cancel $250,000 in outstanding director fees, expected around July 15, 2026. These share issuances aim to reduce liabilities and improve the company's financial position without creating new control persons. All shares issued will be subject to a four-month hold period.
Rapid Dose Therapeutics plans to issue shares to settle $142,067.63 in accrued interest and $250,000 in director fees. For readers following the health sector, here is Pluang's market snapshot as of Oct 05, 2026 19:11 WIB: out of 100 priced US health stocks, 46 rose and 40 fell today. Notable movers include INO at USD 1.19 (+2.16%), NUWE at USD 0.71 (+2.05%), and FLNA at USD 0.95 (+2.04%), with typical hold times ranging from 25 to 42 days on Pluang.
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