debt
confidence high
sentiment neutral
materiality 0.50
AXIM raises $1.825M in new debt; retires $1.11M GS Capital note
AXIM BIOTECHNOLOGIES, INC.
- Issued two $250K short-term notes (1.5% interest, due March 10, 2022); one repaid on Feb 14.
- Issued seven convertible notes aggregate $1.325M at 3% interest, due 2032; conversion at 70% of avg two lowest closing prices.
- One $25K convertible note was acquired by director Blake N. Schroeder.
- Repaid GS Capital Partners note ($1.11M face) in full; accrued interest $21,876 paid via 173,390 restricted shares.