financetom
Business
financetom
/
Business
/
Anew Medical Reduces Debt by $4 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Anew Medical Reduces Debt by $4 Million
Aug 29, 2024 8:33 AM

05:27 AM EDT, 08/26/2024 (MT Newswires) -- Anew Medical ( WENA ) said Monday it reduced its debt by $4 million by converting promissory notes.

The biotechnology company said the move eliminates $600,000 in annual interest payments.

Price: 1.1500, Change: -0.02, Percent Change: -1.71

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Estee Lauder says CFO Travis to depart after 12 years
Estee Lauder says CFO Travis to depart after 12 years
Jul 11, 2024
July 11 (Reuters) - Estee Lauder ( EL ) said on Thursday that Tracey Travis would be stepping down and retiring from her 12 years role as the MAC lipstick maker's finance chief, effective June 30, 2025. ...
Exclusive-UAW considering next steps on worries Trump could beat Biden, sources say
Exclusive-UAW considering next steps on worries Trump could beat Biden, sources say
Jul 11, 2024
DETROIT/WASHINGTON (Reuters) -United Auto Workers President Shawn Fain met with the union's executive board late on Thursday to discuss his deep concerns with President Joe Biden's ability to defeat Donald Trump in the November election, three sources familiar with the matter said. Fain called together top officials at the nearly 400,000-member union to discuss concerns and what the union's options...
Global EV sales up 13% in June, down 7% in Europe, Rho Motion says
Global EV sales up 13% in June, down 7% in Europe, Rho Motion says
Jul 11, 2024
(Reuters) - Global sales of fully electric and plug-in hybrid vehicles rose by 13% in June versus the same month in 2023 driven by growth in China, while they dropped in Europe, market research firm Rho Motion said. China accounted for over 60% of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an...
Japan's SoftBank acquires British AI chipmaker Graphcore
Japan's SoftBank acquires British AI chipmaker Graphcore
Jul 11, 2024
LONDON, July 12 (Reuters) - Japan's SoftBank Group ( SFTBF ) has bought artificial intelligence chipmaker Graphcore for an undisclosed sum, ending long-running speculation over the company's future. Once touted as a rival to Nvidia ( NVDA ), which has seen its own valuation skyrocket thanks to soaring demand for AI computer chips, Britain's Graphcore has struggled to secure the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved