debt
confidence high
sentiment neutral
materiality 0.40
BoxScore Brands issues $100,000 convertible note at $0.03/share conversion price
AMERICAN BATTERY MATERIALS, INC.
- Issued $100,000 convertible note at 9.5% interest, due in 2 years (730 days).
- Conversion price $0.03/share, with 4.99% beneficial ownership limitation.
- Company may redeem note after one year at principal plus accrued interest.
- Interest may be paid in shares at 15% rate; default interest increases to 18%.
- Note is senior secured, pari passu with other senior secured debt.