Pressure BioSciences, Inc. (PBIO) Announces $7.24M Debt-to-Equity Swap as it Prepares for 2018 Uplisting to National Stock Exchange

Equity swap further boosts Pressure BioSciences’ plans to uplist to a major stock exchange later this year Latest deal brings total debt-to-equity conversions to over $13.6M in past 30 days 2015/2016 debentures, line-of-credit and promissory note, plus various short-term debt, now converted to equity Company’s recently acquired Pre-EMT platform, allowing for improved protein-based drug development, has significant market potential and adds to a string of technological developments

Pressure BioSciences Inc.’s (OTCQB: PBIO) ambitions to achieve listing on a major stock exchange this year have taken another major step forward as yet another group of debt holders have agreed to a debt-to-equity swap, this time amounting to $7.24 million, representing a strong message of investor support. The total amount of debt that has been converted to equity is now over $13.6 million, all in just the past four weeks (http://nnw.fm/y5V2d).

In a news release, Joseph L. Damasio, the company’s VP of finance and CFO, said, “With today’s announced conversion of an additional $7.24M of debt to equity, total loan debt has been reduced from approximately $16.6M to approximately $3.0M, an amount that we believe is manageable by PBI. We are continuing to…

Read More>>

More from NetworkNewsWire

Growing Global Payments Industry Encourages Bold New Approaches to Transactions Self-Driving Car Companies Face Choice Between Active and Passive Sensors Dr. Patrick Byrne, Founder of Overstock.com and tZERO, to be Opening Keynote Speaker at Blockchain World Conference

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Other Press Releases

The Latest: The new alternative facts: 'Truth isn't truth'

Aug 20, 2018

BRIDGEWATER, N.J. — The Latest on President Donald Trump (all times local): 11:50 a.m. Move over, alternative facts. Now, truth isn't truth. President Donald Trump's personal attorney Rudy Giuliani used the line Sunday on NBC's "Meet the Press" with Chuck Todd. Giuliani was trying to make the case that having Trump sit down for an interview with special counsel Robert Mueller's team wouldn't accomplish much because of the he-said-she-said nature of witnesses' recollections. Giuliani says it's "silly" to say Trump should testify "because he's going to tell the truth and he shouldn't worry" because "it's somebody's version of the truth....

Backstreet Boys fans treated for injuries after storm

Aug 20, 2018

THACKERVILLE, Okla. — An Oklahoma casino says 14 people suffered cuts and bruises when a powerful rainstorm toppled entrance trusses and disrupted the start of an outdoor concert by the Backstreet Boys. Kym Koch-Thompson, spokeswoman for the WinStar World Casino and Resort, says the concertgoers were treated at the scene following Saturday's storm, then taken to hospitals in Oklahoma and Texas. She says they were all treated for minor injuries and released. The casino in Thackerville is about 70 miles (110 kilometers) northwest of Dallas. The casino says a storm packing winds of up to 80 mph (128 kph) struck...

When Ms. Franklin calls: Reporter reflects on Queen of Soul

Aug 20, 2018

NEW YORK — When I got the chance to interview Aretha Franklin for the first time in 2001, I was already a bundle of nerves: Even though it was just over the phone, I'd be talking to THE Queen of Soul! You could get no closer to rock 'n' roll royalty than the Queen herself. So my trepidation was magnified when a colleague told me not to expect much: Franklin was famously guarded and known for giving short, to-the-point answers and little in the way of introspection. Sure enough, when we spoke on the topic at hand — a VH1...

Ariana Grande tears up as she recalls Manchester tragedy

Aug 20, 2018

NEW YORK — The very mention of Manchester still brings Ariana Grande to tears. The singer cried during an interview Friday with Ebro for Beats 1 on Apple Music as she shared thoughts on the 2017 concert in England, when a suicide bomber killed 22 people. She said that terrorists "want you to be afraid," adding that those who just heard about it in the news had moved on. But for her and others, the challenge became just to "live in the moment" and not be overwhelmed by fear. Her album "Sweetener" includes a song for Manchester survivors, "Get Well...

Priyanka Chopra, Nick Jonas make their engagement official

Aug 20, 2018

NEW YORK — It's official for Priyanka Chopra and Nick Jonas. The two on Saturday announced on their respective Instagram accounts they are engaged. Each posted the same picture, a close-up of them gazing lovingly at each other, an engagement ring on Chopra's finger. The two are in India with both of their families. "Taken ... With all my heart and soul," Chopra wrote . On Jonas' page, he wrote , "Future Mrs. Jonas. My heart. My love." The 25-year-old Jonas and 36-year-old Chopra had reportedly decided in July to get married after dating for two months. Jonas gained fame...

Hollywood in five is your 5 minutes read of Hollywood news with continual updated coverage.

Contact us: sales@hollywoodinfive.com