On July 31, 2023, ThermoGenesis Holdings, Inc. closed the transaction. The company extended the maturity date of the Note to January 31, 2024. The notes are convertible into common stock of the company, at a conversion price of $1.07 per share, provided that in the event that the Company issues shares, options, warrants, or convertible securities, subject to certain exceptions, at an effective price per common share lower than $1.07, then the conversion price will be adjusted to such lower issuance price.