Procaps Group Announces Financing, Shareholders Agreement and Board Updates [Yahoo! Finance]
Procaps Group, S.A. (PROC)
Company Research
Source: Yahoo! Finance
integrated LatAm healthcare and pharmaceutical services company, today announced the successful execution of key strategic transactions and governance updates aimed at strengthening its financial position and supporting long-term growth objectives. On November 29, 2024, the Company entered into a Secured Convertible Note Subscription Agreement with Hoche Partners Pharma Holdings S.A. ("Hoche"), pursuant to which the Company may issue up to $40 million in Convertible Notes. Under the agreement, Procaps issued an initial $20 million Convertible Note to Hoche. Hoche is obligated to purchase an additional $20 million of Convertible Notes by year-end, subject to certain exceptions. The Convertible Notes bear an annual interest rate of 8.50%, payable in kind, and are secured by a first-priority security interest in the equity of the Company's subsidiary, Crynssen Pharma Group Ltd. The Company's key stakeholders, including Hoche and Caoton Company, S.A., acting as trustee to the Sognat
Show less
Read more
Impact Snapshot
Event Time:
PROC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PROC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PROC alerts
High impacting Procaps Group, S.A. news events
Weekly update
A roundup of the hottest topics
PROC
News
- Procaps Group Announces Key Shareholder and Board Decisions, Committee Restructuring, and Leadership Updates [Yahoo! Finance]Yahoo! Finance
- Procaps Group Announces Key Shareholder and Board Decisions, Committee Restructuring, and Leadership UpdatesGlobeNewswire
- A Look At The Intrinsic Value Of Procaps Group S.A. (NASDAQ:PROC) [Yahoo! Finance]Yahoo! Finance
- Procaps Group Announces Financing, Shareholders Agreement and Board UpdatesGlobeNewswire
- Procaps Receives Nasdaq Listing Determination; To Request Hearing and Further Stay Pending Hearing [Yahoo! Finance]Yahoo! Finance
PROC
Sec Filings
- 12/20/24 - Form 6-K
- 12/3/24 - Form SC
- 12/3/24 - Form 6-K
- PROC's page on the SEC website