Stereotaxis is raising up to $24 million by selling convertible notes, starting with $12 million now.

STXS · Stereotaxis, Inc.

The AI's read

The cash gives Stereotaxis room to pay daily costs and fund product work. But the notes carry 10% yearly interest, and holders can turn the debt plus unpaid interest into shares. The company may seek more money, but only if certain conditions are met. The cash and its costs point in different directions.