SS Innovations sells $21.03 million secured convertible promissory note
SSII•SS Innovations priced a $20 million secured convertible promissory note offering to an institutional investor, with total principal of $21.03 million. The note carries 8.75% annual interest and matures 36 months from October 9, 2026.
1. Note offering terms
SS Innovations priced the offering to an institutional investor. The $21.03 million principal reflects a $1 million original issue discount and $25,000 in transaction expenses; interest is 8.75% per year, compounded daily. The investor can begin converting the note on October 9, 2026, subject to trading-price conditions and daily limits, and the debt is secured by company intellectual property and other assets, excluding SSI-India.
