Xtant Medical issues new convertible debt to cover $1.6M in interest obligations

|About: Xtant Medical Holdings... (XTNT)|By:, SA News Editor

Xtant Medical Holdings (NYSEMKT:XTNT) issues new convertible promissory notes to two investors to cover interest payments due, specifically, $1.56M owed under the company's July 31 2015 Indenture and $67,145 of interest from certain convertible promissory notes issued on April 14, 2016.

The new convertible notes, issued on January 17, bear 6.00% interest and are convertible into common stock at $0.7589/share.

XTNT closed yesterday at $0.5191.