Healthy Extracts amends convertible notes: extends maturity to Apr 2024, boosts OID to 20%

HEALTHY EXTRACTS INC.

Extended maturity of $111,111 note with Sixth Borough Capital Fund to April 23, 2024; OID raised to 20% ($22,222).
Extended maturity of $277,778 note with Walleye Opportunities Master Fund to April 24, 2024; OID raised to 20% ($55,556).
Aggregate principal $388,888; original proceeds $350,000 after 10% OID; effective interest cost increases.

item 1.01 item 9.01

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. amended First Amendment (effective 2023-10-31).

Action: amendment
Agreement: notes offering
Effective: 2023-10-31

Exact text from the filing

Effective October 31, 2023, we entered into a First Amendment to each of the convertible notes, extending the Maturity Dates to April 23, 2024 and April 24, 2024 and increasing the original issue discount to 20%.

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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 $388,888 (effective 2023-01-24).

Action: entry
Agreement: equity purchase
Counterparty: two investors
Value: $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 61,847 shares of our common stock at an exercise price of $5.64 per share, to two investors.

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HEALTHY EXTRACTS INC. filing history →

Source: SEC EDGAR

accession 0001096906-23-002103

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