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Colorado Springs cybersecurity provider root9B issues $500,000 more in debt to make payroll

September 11, 2017 Updated: September 11, 2017 at 4:32 pm
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The root9B space is pictured on Wednesday, March 30, 2016. (Gazette file photo)

Colorado Springs-based cybersecurity provider root9B Holdings Inc. told stockholders Monday that it had issued another $500,000 in notes to creditors to allow the company to make payroll and for "other working capital purposes."

The company said the notes were in default when they were issued Friday, and they increase the company's overall debt to $12.4 million. "Substantially all" of the root9B's assets are scheduled to be auctioned Sept. 28 to repay creditors.

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