debt
confidence high
sentiment neutral
materiality 0.70
CFN Enterprises terminates $726,700 of 18% promissory notes, issues 2.9M restricted shares
CFN Enterprises Inc.
- Terminated 18% promissory notes with aggregate principal + accrued interest of $726,700 held by Ezra Chehebar and Isaac Shehebar 2008 AIJJ GRAT.
- Issued 2,906,800 restricted common shares to the noteholders as consideration for termination.
- Shares issued under Section 4(a)(2) exemption (no public offering).
- Notes were originally issued on April 8, 2022.