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Amphion lifted by promissory note conversion at assumed 8p per share

The company issued 1.66mln shares to the loan note holder
Pound notes
Amphion's coffers were swollen by £133,173

Amphion Innovations Plc (LON:AMP), the developer of medical, life science, and technology businesses, has received £133,173 through the conversion of promissory notes.

The company issued 1.66mln shares, representing 0.8% of the enlarged share capital, to the loan note holder.

The notes were converted at a price of 8p per share, prompting market makers to bump up the Amphion share price from 1.37p overnight to 1.85p.

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Amphion Innovations PLC Timeline

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