Integrated Biopharma Announces Conversion of $5,350,000 Convertible Debt to Equity

Apr 12, 2019

HILLSIDE, NJ / ACCESSWIRE / August 1, 2018 / Integrated BioPharma, Inc. (OTCQB: INBP) (the "Company" or "INBP") announced today the conversion of its Amended and Restated Convertible Secured Promissory Note, in the principal amount of $5,350,000, made by the Company and payable to the order of the CD Financial, LLC (the "Note") into common stock of INBP. CD Financial, LLC exercised its right to convert the entire principal amount of the Note into 8,230,769 shares of the Company's common stock at the contractual price of $0.65 per share.

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