- Alvotech (NASDAQ:ALVO) on Monday issued new shares to holders of subordinated convertible bonds, originally issued by Alvotech on November 16, 2022, and December 20, 2022, with maturity on December 20, 2025.
- Alvotech issued 22.07M new ordinary shares in exchange for Convertible Bonds, at the fixed price of $10.00 per share.
- Following the conversion of the convertible bonds into shares, the total number of issued shares in Alvotech is 324.8M and the total number of outstanding shares is 301.94M.
- Source: Press Release
2024-07-01