debt
confidence high
sentiment neutral
materiality 0.50
SecureTech Innovations issues $150K convertible note to CFI Capital with 6% interest, 60% discount conversion
Securetech Innovations, Inc.
- Principal $150,000; net proceeds $135,000 after $15,000 OID; due Sept 18, 2026.
- Conversion after 6 months at 60% of lowest 15-day trading price prior to conversion.
- Interest 6% payable in common stock at holder's option; default triggers 45% conversion discount.
- Prepayment penalties range 110%-140% of principal plus accrued interest; default triggers include SEC filing delinquency and loss of bid price.
- Issuer must reserve 335,121 shares for conversion, maintain 5x coverage, and cannot be a shell issuer.
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