debt
confidence high
sentiment neutral
materiality 0.50
BIO-PATH HOLDINGS, INC. (BPTH): debt financing — Bio-Path Holdings enters $161,000 promissory note financing with 1800 Diagonal Lending
BIO-PATH HOLDINGS, INC.
- Issued $161,000 promissory note at $140,000 after $21,000 OID; 12% one-time interest.
- Five payments: $90,160 due Aug 30, 2025, then $22,540 through Dec 30, 2025.
- Upon default, 22% interest and conversion at 65% of lowest 10-day closing bid price.
- Proceeds for working capital; unregistered exempt under Section 4(a)(2) and Reg D.
- Company had 8,308,007 common shares outstanding as of this filing.