Senseonics Holdings, Inc. announced that it has entered into a securities purchase agreement with the investor, PHC Holdings Corporation for the gross proceeds of $15 million on March 13, 2023. The company issued an aggregate of 15,425,750 shares of the company?s common stock at a price of $0.97 per purchase warrant. The Purchase Warrant is a ?pre-funded?

warrant with a nominal exercise price of $0.001 per Purchase Warrant Share. The issuance of the Purchase Warrants enables PHC Holdings Corporation to maintain the closing of the transaction and 15% beneficial ownership for purposes of the Investor Rights Agreement on August 9, 2020, between the Company and PHC.