debt
confidence high
sentiment neutral
materiality 0.50
Sharing Economy Int'l issues $89,744 convertible note; 70% of avg closing price
SHARING ECONOMY INTERNATIONAL INC.
- Principal amount $89,744; convertible at 70% of 10-day average closing price prior to conversion.
- Note issued to Pyram LC Architecture Limited on April 9, 2021; filing reports entry into agreement.
- Conversion price discount may result in dilution for existing shareholders.
- Note purchase agreement dated April 9, 2021; closing expected on or before October 8, 2021.