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Gossamer Bio, Inc. announced the initial conversion rate for its 7.50% Convertible Senior Secured First Lien Notes due…

GOSSGossamer Bio, Inc.

Gossamer Bio, Inc. announced the initial conversion rate for its 7.50% Convertible Senior Secured First Lien Notes due 2030. The conversion rate is set at 5,347.5936 shares of common stock per $1,000 principal amount, resulting in a conversion price of approximately $0.19 per share. Additionally, the initial exercise price for its purchase warrants to buy common stock is $0.34 per share. Gossamer Bio, Inc. is a biopharmaceutical company.

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