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When a company pays down a debt by handing the creditor new shares of stock instead of cash, that is called a conversion, and each share issued dilutes ownership for everyone already holding the stock.
VolitionRx Limited (NYSE American: VNRX), based in Henderson, Nevada, did this three times between July 14 and August 6, 2026, issuing a combined 779,371 shares of common stock to Lind Global Asset Management XII LLC to satisfy obligations totaling $749,999 tied to two senior secured convertible promissory notes.
The notes and the creditor Lind Global Asset Management XII LLC, a Delaware limited liability company, holds two senior secured convertible promissory notes issued by VolitionRx.
The original principal amounts are $7,500,000 and $2,400,000. Both notes trace to a securities purchase agreement first signed May 15, 2025, which the two parties amended and restated on January 7, 2026.
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