HealthLynked issues $420K convertible note to CEO's trust; extends $1.22M in notes

HealthLynked Corp

Issued $420,000 convertible promissory note to Mary S. Dent Gifting Trust, controlled by CEO Dr. Michael Dent, to replace undocumented advances from Sep-Nov 2024.
Note matures Sep 20, 2025, bears 12% interest (18% default), convertible into common at $0.0375 per share.
Twelve existing notes totaling $1,216,500 extended to Sep 20, 2025; interest increased from 12% to 15% after March 20, 2025.
Issued 10-year warrant to purchase 1,353,356 shares of common stock at $0.0375 per share as consideration for the extension.

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