Mmmm, very interesting. Orion has always been running with regular funding top-ups from investors but this is pretty substantial and should allow them to plan further ahead. An $8M raise on a $12M cap is chunky! I am not familiar with these convertible notes though so would be interested in the feedback of others of the 2.6c cost of these. Fair?
Ann: Convertible Note to raise $8 million, page-2
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