[_ea1k]

I don't know the terms. I'm assuming that this is a new issuance at the current market price and thus would effectively provide $20 million of additional liquidity to counteract the cost of the settlement.

The details will surely be disclosed.

[dlubarov]

But the company could get approxately the same amount of cash by selling the new issuance on a public exchange.

[kissickas]

Maybe not, if the stock is already dropping. This affirms the current price to some extent.