Tenor Capital Management Co., L.P., a significant shareholder in Invacare (OTC:IVCRQ) Holdings Corp. (OTC:IVCRQ), has disclosed a transaction involving the sale of 713,698 shares of 9.00% Series A Convertible Participating Preferred Stock. The transaction was part of an exchange effective October 29, 2024, where the shares were swapped for nonconvertible Series B Redeemable Preferred Stock and an increase in the principal amount due under Invacare's Loan and Security Agreement.
Following this exchange, Tenor Capital Management holds no shares of the Series A Preferred Stock. The shares are held indirectly by Tenor Opportunity Master Fund, Ltd., with Tenor Capital Management serving as the investment manager. The filing clarifies that Tenor Capital Management and its affiliates disclaim beneficial ownership of the shares, except to the extent of their pecuniary interest.
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