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On January 2, 2023, Perseus Corp. issued 10-year convertible bonds at 105. During 2024, all the bonds were converted into common shares having a total
On January 2, 2023, Perseus Corp. issued 10-year convertible bonds at 105. During 2024, all the bonds were converted into common shares having a total value equal to the total face amount of the bonds. At conversion, the market price of Perseus's common shares was 50% above its average carrying value. Perseus adheres to IFRS. At issuance, the cash proceeds from the issuance of these bonds should be reported as
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