On the same day it agreed to a patent licensing deal with Apple, Liquidmetal managed to pay off $10.9 million in debt, an 8-K filing with the SEC reveals. "The foregoing obligations were paid with proceeds from the previously announced strategic licensing transaction with Apple Inc.," one sentence in the document informs. Specifically, AppleInsider notes that the payback was split three ways: $8.2 million went towards outstanding senior secured convertible notes, while $2.4 million went to Ricardo Salas and Norden LLC, and $300,000 was paid to HANA Financial.
