Verde Bio issues $97,750 promissory note at 11% to 1800 Diagonal Lending

VERDE BIO HOLDINGS, INC.

Issued a promissory note for $97,750 (including $12,750 OID) at 11% interest, maturing July 15, 2024.
Note convertible upon default at 75% of lowest trading price over prior 10 trading days.
Funds used for general working capital; closed on October 10, 2023.
Securities issued under Section 4(a)(2) exemption; unregistered.

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

VERDE BIO HOLDINGS, INC. entered into Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $97,750.00 (effective 2023-10-04).

Action: entry
Agreement: equity purchase
Counterparty: 1800 Diagonal Lending LLC
Value: $97,750.00
Effective: 2023-10-04

Exact text from the filing

On October 4, 2023, Verde Bio Holdings, Inc. (the “Company”) announced that it had entered into a Securities Purchase Agreement (“Purchase Agreement”) with 1800 Diagonal Lending LLC (“Buyer”) whereby the Company issued a Promissory Note for $97,750.00 (the “Note”) to Buyer.

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VERDE BIO HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001096906-23-001985

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