01:43 PM EDT, 05/23/2024 (MT Newswires) -- Inspire Semiconductor Holdings ( INSSF ). (INSP.V), a chip design company, said Thursday that it will issue up to 30,016.51 proportionate voting shares (PV shares) at a deemed price of $12 per PV share.to settle $360,200 in interest owing to the holders of its outstanding 10% unsecured convertible debentures.

The debentures were issued on May 19, 2023 and June 28, 2023 and mature on May 19 , 2026. The interest can be paid in cash or PV shares at the option of the company.

Price: 0.13, Change: +0.01, Percent Change: +8.33