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BRIEF-Great Basin Scientific obtains release of $1.36 million of restricted cash from series b convertible notes
May 15, 2017 / 11:24 AM / 3 months ago

BRIEF-Great Basin Scientific obtains release of $1.36 million of restricted cash from series b convertible notes

May 15 (Reuters) - Great Basin Scientific Inc

* Great Basin Scientific obtains release of $1.36 million of restricted cash from series b convertible notes

* Great Basin Scientific Inc says company reduced conversion price of series b notes to $1.10 per share until july 14, 2017

* Great Basin Scientific Inc says after July 14, conversion price of series b notes will revert to $3.00 per share

* Great Basin Scientific -assuming series b notes are converted, noteholders will receive 1.24 million shares in exchange for conversion in full of series b notes Source text for Eikon: Further company coverage:

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