Provectus Biopharmaceuticals converts $542,500 in accrued director fees into Series D-1 preferred shares at $2.86 each
PROVECTUS BIOPHARMACEUTICALS INC PVCT | 0.00 |
- Provectus Biopharmaceuticals will settle accrued directors’ fees through June 30, 2026 by issuing Series D-1 Preferred Stock.
- Total accrued fees of $542,500 will convert at $2.86 per preferred share into 189,554 preferred shares.
- The preferred shares would convert into 1,895,540 common shares.
- The conversion is intended to satisfy outstanding cash fees owed to current board members.
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