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Trellus Health to Issue GBP5 Million Convertible Loan Notes

MT Newswires·12/31/2025 00:07:09
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12:07 AM EST, 12/31/2025 (MT Newswires) -- Trellus Health (TRLS.L) plans to issue 5 million pounds sterling worth of secured convertible loan notes to an institutional investor. The 12-month facility will be available in multiple tranches to finance the healthcare company's operational and commercial targets, according to a Tuesday filing. The conversion will be at a discount to market price at the time of conversion, with terms specific to each tranche. Trellus Health noted that there is a high likelihood of the company going into administration if the funding is not secured.