debt
confidence high
sentiment neutral
materiality 0.60
Beyond Commerce issues $1.5M convertible note to CEO for accrued salary
Beyond Commerce, Inc.
- Convertible promissory note of $1.5M issued to Chairman/CEO Geordan Pursglove in satisfaction of accrued salary.
- Note bears 2% interest, payable in 12 equal monthly installments; convertible at 100% of 5-day VWAP.
- Note issued under Section 4(a)(2) exemption; shares underlying note are restricted.
- CEO is an accredited investor; offering not registered under Securities Act.