debtconfidence high
SecureTech raises $500K via convertible notes; repays CFI Capital note for $244K
Securetech Innovations, Inc.
- Issued $112,500 convertible note to Willow Creek Capital at 10% interest, net proceeds $100K.
- Issued $445,000 convertible note to Red Rock Development at 10% interest, net proceeds $400K.
- Both notes mature May 8, 2027, convertible at 60% of lowest 15-day trading price.
- Company redeemed CFI Capital note on May 11, 2026, for $244,362 (principal $150K plus fees/interest).
- Management intends to repay both new notes in cash before maturity, not convert to equity.
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