debt
confidence high
sentiment negative
materiality 0.65
Sanuwave Health raises $1.8M: $1.3M convertible notes, $0.5M insider loan; warrants for 65M shares
SANUWAVE Health, Inc.
- Issued $1.3M convertible notes (15% interest, $0.04 conversion) and warrants for 65M shares ($0.067/$0.04 exercise).
- Separate $0.5M promissory note to insider Manchester Explorer, 15% interest, matures Dec 18, 2024.
- Total proceeds $1.8M; notes and warrants subordinated to NH Expansion Credit Fund.
- Letter agreements allow Purchasers to exchange notes/warrants for common stock at $0.04 before SEPA merger or reverse split.
- Waivers extended through Dec 31, 2024 for reverse split, share reserve, and registration obligations.