04:27 PM EDT, 08/28/2024 (MT Newswires) -- Inspire Semiconductor Holdings ( INSSF ) , a chip design company, on Wednesday said it will issue up to 13,645.67 proportionate voting shares priced at $17.50 each to settle $238,800 of interest owing on a debenture issue.

The proportionate voting shares will be issued holders of the company's 10% unsecured convertible debentures maturing on Aug. 25, 2026, and can be converted into 100 common shares at the option of the holder.

Inspire shares closed up $0.005 to $0.18 on the TSX Venture Exchange.