debt
confidence high
sentiment neutral
materiality 0.40
Bellevue Life Sciences advances $300K loan to OSR Holdings at 3.96% annual interest
OSR Holdings, Inc.
- Loan of $300,000 to OSR Holdings, target of proposed business combination, evidenced by promissory note.
- Interest rate 3.96% per annum, compound semi-annually; principal and interest due October 25, 2025.
- Funds to be used for working capital and other expenses of OSR Holdings.
- Default provisions include failure to pay within 5 business days of maturity and bankruptcy events.