RNS - £5M Funding Secured31 Dec 2025 19:20
For those who missed RNS yesterday, they have secured short-term funding of upto £5M…
‘Proposed issue of Secured Convertible Loan Notes to raise up to £5 million
and grant of Warrants
Definitions contained within Appendix I to this Announcement apply, unless the context requires otherwise
Trellus Health plc (AIM: TRLS), a healthcare company delivering Trellus Elevate®, a digital platform that integrates data analytics with personalised, scientifically proven resilience programs and value-based solutions to manage complex chronic conditions, announces that it proposes to issue £5 million Secured Convertible Loan Notes (the Facility) to an institutional investor to extend the Company's cash runway, subject to Shareholder approval. The Company had previously announced that it had entered into an unsecured loan agreement with its long-standing substantial shareholder, Mount Sinai, with a principal amount of US$600,000 which supported the continued execution of the Company's commercial strategy and extend its near-term cash runway to late January 2026. Since this time, the Company has been in active discussions with the aim of securing additional funds to extend the cash runway further, hence the Secured Convertible Loan Notes.
The Facility is structured to provide Trellus Health with flexible, staged access to capital to support its operational and commercial objectives, while managing dilution and aligning funding availability with execution milestones.
Key features include:
· 12 month facility of up to £5 million in principal, available in multiple tranches;
· conversion at a discount to market price at the time of conversion, with tranche-specific terms; and
· warrant coverage issued in connection with each tranche…’