debt
confidence high
sentiment neutral
materiality 0.60
Beyond Commerce enters $1.2M convertible promissory note with Discover Growth Fund
Beyond Commerce, Inc.
- $1,200,000 principal; $1,000,000 net cash after 20% original issuance discount.
- Note matures April 1, 2023; convertible at lender's discretion into common stock at March 31, 2022 closing bid price.
- Note issued as unregistered security to accredited investor under Section 4(a)(2) exemption.
- Conversion shares subject to ownership limitation for lender.