UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
|
x |
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
For the quarterly period ended September 30, 2021
|
¨ |
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
Commission |
|
Exact name of registrant as specified in its charter, |
|
I.R.S. Employer |
814-01022 |
|
Logan Ridge Finance Corporation 650 Madison Avenue, 23rd Floor New York, New York 10022 State of Incorporation: Maryland Telephone: (212) 891-2880 |
|
90-0945675 |
Capitala Finance Corp.
4201 Congress St., Suite 360, Charlotte, North Carolina 28209
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class |
|
Trading symbol(s) |
|
Name of Each Exchange on Which |
Common Stock, par value $0.01 per share 5.75% Convertible Notes due 2022 6.00% Notes due 2022 |
|
LRFC CPTAG CPTAL |
|
NASDAQ Global Select Market NASDAQ Capital Market NASDAQ Global Select Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
|
|
Yes x |
No ¨ |
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
|
|
Yes ¨ |
No ¨ |
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.
|
Large accelerated filer |
¨ |
Accelerated filer |
¨ |
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Non-accelerated filer |
x |
Smaller reporting company |
¨ |
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|
Emerging growth company |
¨ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
|
|
Yes ¨ |
No x |
The number of shares of Logan Ridge Finance Corporation’s common stock, $0.01 par value, outstanding as of November 10, 2021 was 2,711,068.
TABLE OF CONTENTS
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Page |
3 |
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Item 1. |
Consolidated Financial Statements |
3 |
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3 |
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4 |
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5 |
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6 |
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Consolidated Schedules of Investments as of September 30, 2021 (unaudited) and December 31, 2020 |
7 |
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17 |
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Management’s Discussion and Analysis of Financial Condition and Results of Operations |
43 |
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60 |
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61 |
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61 |
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61 |
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61 |
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62 |
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62 |
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62 |
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62 |
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64 |
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65 |
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PART I. FINANCIAL INFORMATION
Logan Ridge Finance Corporation
Consolidated Statements of Assets and Liabilities
(in thousands, except share and per share data)
|
|
As of |
|
|||||
|
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September 30, 2021 |
|
|
December 31, 2020 |
|
||
|
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(unaudited) |
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||
ASSETS |
|
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|
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||
Investments at fair value: |
|
|
|
|
|
|
||
Non-control/non-affiliate investments (amortized cost of $122,180 and $187,744, respectively) |
|
$ |
111,553 |
|
|
$ |
172,848 |
|
Affiliate investments (amortized cost of $63,325 and $80,961, respectively) |
|
|
76,979 |
|
|
|
93,425 |
|
Control investments (amortized cost of $8,801 and $8,947, respectively) |
|
|
6,853 |
|
|
|
8,419 |
|
Total investments at fair value (amortized cost of $194,306 and $277,652, respectively) |
|
|
195,385 |
|
|
|
274,692 |
|
Cash and cash equivalents |
|
|
37,386 |
|
|
|
49,942 |
|
Interest and dividend receivable |
|
|
1,008 |
|
|
|
2,286 |
|
Prepaid expenses |
|
|
3,588 |
|
|
|
1,077 |
|
Receivable for unsettled trades |
|
|
3,101 |
|
|
|
— |
|
Other assets |
|
|
106 |
|
|
|
— |
|
Total assets |
|
$ |
240,574 |
|
|
$ |
327,997 |
|
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|
|
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||
LIABILITIES |
|
|
|
|
|
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SBA-guaranteed debentures (net of deferred financing costs of $0 and $485, respectively) |
|
$ |
— |
|
|
$ |
90,515 |
|
2022 Notes (net of deferred financing costs of $407 and $846, respectively) |
|
|
72,426 |
|
|
|
71,987 |
|
2022 Convertible Notes (net of deferred financing costs of $265 and $552, respectively) |
|
|
51,823 |
|
|
|
51,536 |
|
KeyBank Credit Facility (net of deferred financing costs of $402 and $546, respectively) |
|
|
(402 |
) |
|
|
(546 |
) |
Management and incentive fees payable |
|
|
1,181 |
|
|
|
3,842 |
|
Interest and financing fees payable |
|
|
768 |
|
|
|
1,688 |
|
Accounts payable and accrued expenses |
|
|
4,517 |
|
|
|
28 |
|
Total liabilities |
|
$ |
130,313 |
|
|
$ |
219,050 |
|
|
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|
|
|
|
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Commitments and contingencies (Note 2) |
|
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NET ASSETS |
|
|
|
|
|
|
||
Common stock, par value $0.01, 100,000,000 common shares authorized, 2,711,068 and 2,711,068 common shares issued and outstanding, respectively |
|
$ |
27 |
|
|
$ |
27 |
|
Additional paid in capital |
|
|
229,481 |
|
|
|
229,481 |
|
Total distributable loss |
|
|
(119,247 |
) |
|
|
(120,561 |
) |
Total net assets |
|
$ |
110,261 |
|
|
$ |
108,947 |
|
Total liabilities and net assets |
|
$ |
240,574 |
|
|
$ |
327,997 |
|
|
|
|
|
|
|
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||
Net asset value per share |
|
$ |
40.67 |
|
|
$ |
40.19 |
|
See accompanying notes to consolidated financial statements
3
Logan Ridge Finance Corporation
Consolidated Statements of Operations
(in thousands, except share and per share data)
(unaudited)
|
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
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2021 |
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2020 |
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2021 |
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2020 |
|
||||
INVESTMENT INCOME |
|
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|
|
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||||
Interest and fee income: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Non-control/non-affiliate investments |
|
$ |
2,078 |
|
|
$ |
4,407 |
|
|
$ |
8,349 |
|
|
$ |
13,807 |
|
Affiliate investments |
|
|
1,072 |
|
|
|
1,721 |
|
|
|
3,565 |
|
|
|
5,032 |
|
Control investments |
|
|
98 |
|
|
|
103 |
|
|
|
293 |
|
|
|
309 |
|
Total interest and fee income |
|
|
3,248 |
|
|
|
6,231 |
|
|
|
12,207 |
|
|
|
19,148 |
|
Payment-in-kind interest and dividend income: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Non-control/non-affiliate investments |
|
|
— |
|
|
|
220 |
|
|
|
95 |
|
|
|
934 |
|
Affiliate investments |
|
|
100 |
|
|
|
242 |
|
|
|
298 |
|
|
|
610 |
|
Total payment-in-kind interest and dividend income |
|
|
100 |
|
|
|
462 |
|
|
|
393 |
|
|
|
1,544 |
|
Dividend income: |
|
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|
|
|
|
|
|
|
|
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|
||||
Non-control/non-affiliate investments |
|
|
— |
|
|
|
— |
|
|
|
560 |
|
|
|
— |
|
Affiliate investments |
|
|
24 |
|
|
|
— |
|
|
|
179 |
|
|
|
25 |
|
Total dividend income |
|
|
24 |
|
|
|
— |
|
|
|
739 |
|
|
|
25 |
|
Interest income from cash and cash equivalents |
|
|
1 |
|
|
|
1 |
|
|
|
3 |
|
|
|
50 |
|
Total investment income |
|
|
3,373 |
|
|
|
6,694 |
|
|
|
13,342 |
|
|
|
20,767 |
|
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||||
EXPENSES |
|
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Interest and financing expenses |
|
|
2,296 |
|
|
|
3,423 |
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|
|
8,061 |
|
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|
12,134 |
|
Base management fee |
|
|
1,111 |
|
|
|
1,565 |
|
|
|
3,781 |
|
|
|
4,988 |
|
Administrative service fees |
|
|
200 |
|
|
|
350 |
|
|
|
900 |
|
|
|
1,050 |
|
General and administrative expenses |
|
|
1,276 |
|
|
|
614 |
|
|
|
2,859 |
|
|
|
2,475 |
|
Total expenses |
|
|
4,883 |
|
|
|
5,952 |
|
|
|
15,601 |
|
|
|
20,647 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
NET INVESTMENT (LOSS) INCOME |
|
|
(1,510 |
) |
|
|
742 |
|
|
|
(2,259 |
) |
|
|
120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
REALIZED AND UNREALIZED LOSS (GAIN) ON INVESTMENTS |
|
|
|
|
|
|
|
|
|
|
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|
||||
Net realized gain (loss) on investments: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Non-control/non-affiliate investments |
|
|
7,426 |
|
|
|
(12,344 |
) |
|
|
(1,866 |
) |
|
|
(25,518 |
) |
Affiliate investments |
|
|
— |
|
|
|
— |
|
|
|
2,215 |
|
|
|
1,341 |
|
Control investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(484 |
) |
Net realized gain (loss) on investments |
|
|
7,426 |
|
|
|
(12,344 |
) |
|
|
349 |
|
|
|
(24,661 |
) |
Net unrealized (depreciation) appreciation investments: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Non-control/non-affiliate investments |
|
|
(6,150 |
) |
|
|
15,218 |
|
|
|
4,269 |
|
|
|
3,686 |
|
Affiliate investments |
|
|
(2,861 |
) |
|
|
(156 |
) |
|
|
1,190 |
|
|
|
(14,887 |
) |
Control investments |
|
|
(391 |
) |
|
|
(260 |
) |
|
|
(1,420 |
) |
|
|
(398 |
) |
Net unrealized (depreciation) appreciation on investments |
|
|
(9,402 |
) |
|
|
14,802 |
|
|
|
4,039 |
|
|
|
(11,599 |
) |
Total net realized and unrealized (loss) gain on investments |
|
|
(1,976 |
) |
|
|
2,458 |
|
|
|
4,388 |
|
|
|
(36,260 |
) |
Net realized gain (loss) on extinguishment of debt |
|
|
— |
|
|
|
155 |
|
|
|
(815 |
) |
|
|
155 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
NET (DECREASE) INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
|
$ |
(3,486 |
) |
|
$ |
3,355 |
|
|
$ |
1,314 |
|
|
$ |
(35,985 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
NET (DECREASE) INCREASE IN NET ASSETS PER SHARE RESULTING FROM OPERATIONS – BASIC AND DILUTED (1) |
|
$ |
(1.29 |
) |
|
$ |
1.24 |
|
|
$ |
0.48 |
|
|
$ |
(13.29 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
WEIGHTED AVERAGE COMMON STOCK OUTSTANDING – BASIC AND DILUTED (1) |
|
|
2,711,068 |
|
|
|
2,711,068 |
|
|
|
2,711,068 |
|
|
|
2,708,532 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
DISTRIBUTIONS PAID PER SHARE (2) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1.50 |
|
See accompanying notes to consolidated financial statements.
4
Logan Ridge Finance Corporation
Consolidated Statements of Changes in Net Assets
(in thousands, except share data)
(unaudited)
|
|
Common Stock (1) |
|
|
|
|
|
|
|
|
|
|
||||||||
For the Three Months Ended September 30, 2021 and 2020 |
|
Number of Shares |
|
|
Par Value |
|
|
Additional Paid in Capital (1) |
|
|
Total Distributable Loss |
|
|
Total |
|
|||||
BALANCE, June 30, 2021 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
229,481 |
|
|
$ |
(115,761 |
) |
|
$ |
113,747 |
|
Net investment loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,510 |
) |
|
|
(1,510 |
) |
Net realized gain on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
7,426 |
|
|
|
7,426 |
|
Net unrealized depreciation on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(9,402 |
) |
|
|
(9,402 |
) |
BALANCE, September 30, 2021 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
229,481 |
|
|
$ |
(119,247 |
) |
|
$ |
110,261 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
BALANCE, June 30, 2020 |
|
|
2,711,081 |
|
|
$ |
27 |
|
|
$ |
238,355 |
|
|
$ |
(133,328 |
) |
|
$ |
105,054 |
|
Net investment income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
742 |
|
|
|
742 |
|
Net realized loss on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(12,344 |
) |
|
|
(12,344 |
) |
Net unrealized appreciation on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14,802 |
|
|
|
14,802 |
|
Net realized gain on extinguishment of debt |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
155 |
|
|
|
155 |
|
Fractional shares settled in cash as part of one-for-six reverse stock split |
|
|
(13 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
BALANCE, September 30, 2020 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
238,355 |
|
|
$ |
(129,973 |
) |
|
$ |
108,409 |
|
|
|
Common Stock (1) |
|
|
|
|
|
|
|
|
|
|
||||||||
For the Nine Months Ended September 30, 2021 and 2020 |
|
Number of Shares |
|
|
Par Value |
|
|
Additional Paid in Capital (1) |
|
|
Total Distributable Loss |
|
|
Total |
|
|||||
BALANCE, December 31, 2020 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
229,481 |
|
|
$ |
(120,561 |
) |
|
$ |
108,947 |
|
Net investment loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2,259 |
) |
|
|
(2,259 |
) |
Net realized gain on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
349 |
|
|
|
349 |
|
Net unrealized appreciation on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
4,039 |
|
|
|
4,039 |
|
Net realized loss on extinguishment of debt |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(815 |
) |
|
|
(815 |
) |
BALANCE, September 30, 2021 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
229,481 |
|
|
$ |
(119,247 |
) |
|
$ |
110,261 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
BALANCE, December 31, 2019 |
|
|
2,700,628 |
|
|
$ |
27 |
|
|
$ |
238,021 |
|
|
$ |
(89,935 |
) |
|
$ |
148,113 |
|
Net investment income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
120 |
|
|
|
120 |
|
Net realized loss on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(24,661 |
) |
|
|
(24,661 |
) |
Net unrealized depreciation on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(11,599 |
) |
|
|
(11,599 |
) |
Net realized gain on extinguishment of debt |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
155 |
|
|
|
155 |
|
Fractional shares settled in cash as part of one-for-six reverse stock split |
|
|
(13 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Distributions to Shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Stock issued under dividend reinvestment plan |
|
|
10,453 |
|
|
|
— |
|
|
|
334 |
|
|
|
— |
|
|
|
334 |
|
Distributions declared |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(4,053 |
) |
|
|
(4,053 |
) |
BALANCE, September 30, 2020 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
238,355 |
|
|
$ |
(129,973 |
) |
|
$ |
108,409 |
|
See accompanying notes to consolidated financial statements.
5
Logan Ridge Finance Corporation
Consolidated Statements of Cash Flows
(in thousands)
(unaudited)
|
|
For the Nine Months Ended September 30, |
|
|||||
|
|
2021 |
|
|
2020 |
|
||
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
||
Net increase (decrease) in net assets resulting from operations |
|
$ |
1,314 |
|
|
$ |
(35,985 |
) |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by operating activities: |
|
|
|
|
|
|
||
Purchase of investments |
|
|
(43,275 |
) |
|
|
(21,070 |
) |
Repayments and sales of investments |
|
|
127,519 |
|
|
|
69,157 |
|
Net realized (gain) loss on investments |
|
|
(349 |
) |
|
|
24,661 |
|
Net realized loss (gain) on extinguishment of debt |
|
|
815 |
|
|
|
(155 |
) |
Net unrealized (appreciation) depreciation on investments |
|
|
(4,039 |
) |
|
|
11,599 |
|
Payment-in-kind interest and dividends |
|
|
(393 |
) |
|
|
(1,544 |
) |
Accretion of original issue discount on investments |
|
|
(156 |
) |
|
|
(520 |
) |
Amortization of deferred financing fees |
|
|
1,059 |
|
|
|
2,512 |
|
Changes in assets and liabilities: |
|
|
|
|
|
|
||
Interest and dividend receivable |
|
|
1,278 |
|
|
|
(427 |
) |
Prepaid expenses |
|
|
(2,511 |
) |
|
|
154 |
|
Receivable for unsettled trades |
|
|
(3,101 |
) |
|
|
— |
|
Other assets |
|
|
(106 |
) |
|
|
90 |
|
Management and incentive fees payable |
|
|
(2,661 |
) |
|
|
(111 |
) |
Interest and financing fees payable |
|
|
(920 |
) |
|
|
(1,564 |
) |
Accounts payable and accrued expenses |
|
|
4,489 |
|
|
|
(518 |
) |
NET CASH PROVIDED BY OPERATING ACTIVITIES |
|
|
78,963 |
|
|
|
46,279 |
|
|
|
|
|
|
|
|
||
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
||
Paydowns on SBA-guaranteed debentures |
|
|
(91,000 |
) |
|
|
(59,000 |
) |
Prepayment penalty on SBA- guaranteed debentures |
|
|
(519 |
) |
|
|
— |
|
Repurchase of 2022 Notes |
|
|
— |
|
|
|
(1,980 |
) |
Proceeds from KeyBank Credit Facility |
|
|
25,000 |
|
|
|
— |
|
Paydowns on KeyBank Credit Facility |
|
|
(25,000 |
) |
|
|
— |
|
Distributions paid to shareholders |
|
|
— |
|
|
|
(3,719 |
) |
Deferred financing fees paid |
|
|
— |
|
|
|
(214 |
) |
NET CASH USED IN FINANCING ACTIVITIES |
|
|
(91,519 |
) |
|
|
(64,913 |
) |
|
|
|
|
|
|
|
||
NET DECREASE IN CASH AND CASH EQUIVALENTS |
|
|
(12,556 |
) |
|
|
(18,634 |
) |
CASH AND CASH EQUIVALENTS, beginning of period |
|
|
49,942 |
|
|
|
62,321 |
|
CASH AND CASH EQUIVALENTS, end of period |
|
$ |
37,386 |
|
|
$ |
43,687 |
|
|
|
|
|
|
|
|
||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |
|
|
|
|
|
|
||
Cash paid for interest |
|
$ |
7,621 |
|
|
$ |
10,964 |
|
|
|
|
|
|
|
|
||
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING TRANSACTIONS |
|
|
|
|
|
|
||
Distributions paid through dividend reinvestment plan share issuances |
|
$ |
— |
|
|
$ |
334 |
|
See accompanying notes to consolidated financial statements
6
Logan Ridge Finance Corporation
Consolidated Schedule of Investments
(in thousands, except for units/shares)
September 30, 2021
(unaudited)
Portfolio Company, Country (1), (2), (3), (4), (5) |
Industry |
|
Type of Investment |
|
Acquisition Date |
|
Principal Amount |
|
|
Cost |
|
|
Fair Value |
|
|
% of |
|
||||
Non-control/non-affiliated investments - 101.0% |
|
||||||||||||||||||||
Non-control/non-affiliated investments - United States |
|
||||||||||||||||||||
Accordion Partners LLC |
Industrials |
|
First Lien Debt (6.5% Cash (3 month LIBOR + 5.5%), 1.0% Floor), Due 9/24/27) |
|
9/24/2021 |
|
$ |
14,000 |
|
|
$ |
13,791 |
|
|
$ |
13,790 |
|
|
|
12.5 |
% |
Accordion Partners LLC |
Industrials |
|
First Lien Debt (6.5% Cash (3 month LIBOR + 5.5%), 1.0% Floor), Due 9/24/27)(12) |
|
9/24/2021 |
|
|
|
|
|
(30 |
) |
|
|
(30 |
) |
|
|
0.0 |
% |
|
Accordion Partners LLC |
Industrials |
|
First Lien Debt (6.5% Cash (3 month LIBOR + 5.5%), 1.0% Floor), Due 9/30/26)(14) |
|
9/24/2021 |
|
|
|
|
|
(75 |
) |
|
|
(75 |
) |
|
|
-0.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
13,686 |
|
|
|
13,685 |
|
|
|
12.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Alternative Biomedical Solutions, LLC |
Healthcare |
|
First Lien Debt (8.0% Cash, Due 12/18/22) |
|
6/25/2020 |
|
|
7,119 |
|
|
|
7,119 |
|
|
|
6,753 |
|
|
|
6.1 |
% |
Alternative Biomedical Solutions, LLC |
Healthcare |
|
Series A Preferred Units (13,811 units) |
|
6/25/2020 |
|
|
|
|
|
1,275 |
|
|
|
786 |
|
|
|
0.7 |
% |
|
Alternative Biomedical Solutions, LLC |
Healthcare |
|
Series B Preferred Units (48,025 units) |
|
6/25/2020 |
|
|
|
|
|
3,943 |
|
|
|
— |
|
|
|
0.0 |
% |
|
Alternative Biomedical Solutions, LLC |
Healthcare |
|
Series C Preferred Units (78,900 units) |
|
6/25/2020 |
|
|
|
|
|
— |
|
|
|
— |
|
|
|
0.0 |
% |
|
Alternative Biomedical Solutions, LLC |
Healthcare |
|
|||||||||||||||||||