Rockley Photonics Holdings Limited announced that it has entered into subscription agreements with existing lenders to issue senior secured notes for gross proceeds of $12,400,000 on September 30, 2022. The notes are non-convertible and bear interest at the rate of 15% per annum, payable monthly starting October 30, 2022. The notes will be maturing on December 30, 2022, unless a minimum number of investors extend the maturity date to January 30, 2023.