Healthy Extracts raises $350K via convertible notes and warrants

HEALTHY EXTRACTS INC.

Issued $388,888 aggregate principal of 10% OID convertible notes; net proceeds $350,000 to company.
Notes mature October 24, 2023; convertible at 90% of lowest VWAP over 5 prior trading days.
Warrants for 7,421,544 shares at $0.04716 per share issued alongside notes.
Offering exempt under Section 4(a)(2); two accredited/sophisticated investors.
Proceeds used for general corporate purposes (no specific allocation disclosed).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HEALTHY EXTRACTS INC. entered into Securities Purchase Agreement with two investors valued at aggregate principal amount of $388,888 (effective 2023-01-24).

Action: entry
Agreement: notes offering
Counterparty: two investors
Value: aggregate principal amount of $388,888
Effective: 2023-01-24

Exact text from the filing

On January 24, 2023, we entered into a Securities Purchase Agreement for the sale of convertible notes in the aggregate principal amount of $388,888, and warrants to acquire 7,421,544 shares of our common stock at an exercise price of $0.04716 per share, to two investors.

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HEALTHY EXTRACTS INC. filing history →

Source: SEC EDGAR

accession 0001096906-23-000221

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