Aurora Cannabis to transfer listing to Nasdaq Capital Market, buy back $9.6 million of convertible bonds

Aurora Cannabis Inc. ACB, -12.19% ACB, -13.53% said Tuesday it has received approval to transfer its U.S. listing to the Nasdaq Capital Market from the Nasdaq Global Select Market effective today. The move will give the company an additional 180 days to regain compliance with the Nasdaq’s $1 minimum bid price requirement and comes after the stock closed below $1 for 30 straight business days.

“The purpose of the notes repurchase transaction is to further reduce the company’s debt and annual cash interest costs, reinforcing Aurora’s commitment to achieving the target of positive free cashflow in calendar year 2024,” the company said in a statement. Aurora has bought back about $316 million in principal amount of notes since December of 2021, saving it about $24.1 million in cash interest. The Canadian cannabis company’s stock was up 0.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

| Another Day, Another Huge Off-Market Sale for Aspen’s High-End Home MarketInterior designer Holly Hunt has sold her roughly 13,000-square-foot home about a mile from city limits for $70 million.
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »