Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Comstock Inc. incurred convertible notes of $3,150,000 original aggregate principal amount with an investor at 8% per annum maturing March 16, 2024.
- Instrument
- convertible notes
- Principal
- $3,150,000 original aggregate principal amount
- Counterparty
- an investor
- Rate
- 8% per annum
- Maturity
- March 16, 2024
- Event
- incurrence
Exact text from the filing
the issuance of an 8.0% Convertible Promissory Note due March 16, 2024 (the “Convertible Note”). The Convertible Note was issued with an original aggregate principal amount of $3,150,000 (the “Face Value”). The Convertible Note was issued with 5% original issue discount, meaning that the purchase price paid by the Investor for the Convertible Note was $3,000,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Comstock Inc. entered into Securities Purchase Agreement with an investor valued at $3,150,000 (effective 2022-12-16).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- an investor
- Value
- $3,150,000
- Effective
- 2022-12-16
Exact text from the filing
On December 16, 2022, Comstock Inc. (the “Company”) has entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an investor (the “Investor”), relating to the issuance of an 8.0% Convertible Promissory Note due March 16, 2024 (the “Convertible Note”). The Convertible Note was issued with an original aggregate principal amount of $3,150,000 (the “Face Value”).
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