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0 0 0.0227790432801821 0.0113211845102505 0.020501138952164 0.0159453302961274 0.0478587699316628 0.173120728929385
Stock impact report

T2 Biosystems Announces CRG's Conversion from Preferred Stock to Common Stock [Yahoo! Finance]

T2 Biosystems, Inc. (TTOO) 
Last t2 biosystems, inc. earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
pathogens and antibiotic resistance genes, today announced that entities affiliated with CRG Servicing LLC (“CRG”) have converted Series A and Series B Convertible Preferred Stock to Common Stock. On May 9, 2024, the Company amended and restated each of the Series A Certificate of Designation and the Series B Certificate of Designation, in each case to remove the beneficial ownership limitations regarding the ability to convert the Series A Preferred Stock and Series B Preferred Stock, respectively, into shares of Common Stock without regarding to the beneficial ownership of the shareholder following such conversion. Following such amending and restating, CRG converted all of the outstanding shares of Series A Preferred Stock and Series B Preferred Stock into an aggregate of 1,824,800 shares of Common Stock, resulting in CRG's ownership of approximately 69% of the Company's outstanding shares as of May 9, 2024. As previously announced, on May 6, 2024, the Company converted $15.0 m Show less Read more
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