debt
confidence high
sentiment negative
materiality 0.50
Applife Digital Solutions issues $187K convertible note to Labrys Fund at 25% discount
APPlife Digital Solutions Inc
- Company sells $187,000 convertible note to Labrys Fund II, L.P. for $167,000; note bears 12% interest, matures Aug 1, 2026.
- Payment schedule: $104,720 due Jan 30, 2026; five monthly payments of $17,453.33 from Feb to June; balance at maturity.
- Upon default, note convertible into common stock at 75% of 5-day average closing price; 4.99% beneficial ownership cap.
- Proceeds for general working capital; issuance under Section 4(a)(2) and Regulation D private placement.
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