debt
confidence high
sentiment neutral
materiality 0.60
Healthy Extissues $330K promissory note and 3.3M warrants to consolidate debt
HEALTHY EXTRACTS INC.
- Promissory note of $330K ($300K net after 10% OID) at 10% interest, matures Sept 2024.
- Fifteen monthly payments of $23,359 starting June 17, 2023; prepayment required within 5 days of Nasdaq listing.
- Warrants to purchase 3.3M shares at $0.05/sh for 3 years; include cashless exercise.
- Proceeds used to pay off and consolidate existing debt, reducing monthly cash obligations.
- Issuance exempt under Section 4(a)(2); investor is accredited/sophisticated (undisclosed name).