debt
confidence high
sentiment positive
materiality 0.75
Sow Good reduces debt by $5.2M via warrant exercise; issues 2.19M shares
Sow Good Inc.
- Issued 2,186,250 shares of common stock on exercise of warrants with exercise prices $2.21-$2.60.
- Debt reduced by $5,200,362.50 and accrued interest reduced by $98,750.
- Partial prepayment of principal via amendments to promissory notes; some notes fully repaid.
- Loss on debt extinguishment from fully repaid notes to be reflected in Q2 2024 financials.
- Warrants originally issued Dec 2021-May 2023; no terms of warrants were amended.