Company: HROW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021562
Chunk: 32

Company: HARROW, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 32
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 $75,000,000, along with all accrued interest owed under the 2026 Notes.
through US Bank Trust Company National Association as Trustee. The notes were considered legally extinguished upon such repayment. In
connection with the 2026 Notes repayment, the Company paid a make-whole premium of $907,000, recorded $449,000 of unaccrued interest
and wrote off $452,000 of unamortized debt issuance costs. During the three and nine months ended September 30, 2025, the make-whole
premium, unaccrued interest paid after the redemption notice date, and unamortized debt issuance costs were recorded as a loss on debt
extinguishment equal to $1,808,000 in the aggregate. The 2026 Notes listed on The Nasdaq Stock Market under the symbol “HROWL”
were delisted on October 10, 2025.

Interest
expense related to the 2026 Notes totaled $1,452,000 and $5,074,000 for the three and nine months ended September 30, 2025, respectively,
and included amortization of debt issuance costs and discount of $159,000 and $546,000, respectively. Interest expense related to the
2026 Notes totaled $1,814,000 and $5,438,000 for the three and nine months ended September 30, 2024, respectively, and included amortization
of debt issuance costs and debt discount of $197,000 and $587,000, respectively.

HROWM
- 11.875% Senior Notes Due 2027 – Paid in Full

In
December 2022 and in January 2023, the Company closed an offering of $35,000,000 and $5,250,000, respectively, aggregate principal amount
of 11.875% senior notes due 2027 (the “2027 Notes”). The 2027 Notes could be redeemed for cash in whole or in part prior
to December 31, 2025, at a price equal to $25.50 per note, plus accrued and unpaid interest to, but excluding, the date of redemption.

In
September 2025, the Company fully repaid the principal balance of $40,250,000, along with all accrued interest owed under the 2027 Notes
through US Bank Trust Company National Association as Trustee. The notes were considered legally extinguished upon such repayment. In