Adagio Medical issues 4,978,869 shares in $776,111 convertible note conversion
ADGM•Adagio Medical issued 4,978,869 common shares in conversions of $776,111 in principal from its 13% Senior Secured Convertible Notes, at prices ranging from $0.1265 to $0.1618 per share.
1. Share conversions
The conversions occurred between Sept. 25 and Oct. 1, 2026, under a conversion-price reduction running through Oct. 31. Adagio Medical issued the shares without registration under Securities Act Section 3(a)(9), in exchange for outstanding notes.
