debt
confidence high
sentiment neutral
materiality 0.30
Sharing Economy Intl issues $10,385 convertible note to Pyram LC Architecture
SHARING ECONOMY INTERNATIONAL INC.
- Note Purchase Agreement dated Jan 13, 2022 with Pyram LC Architecture for $10,385 principal.
- Note convertible into common stock at 70% of 10-day VWAP prior to conversion.
- Closing to occur on or before July 12, 2022; proceeds for general corporate purposes.
- Note is unsecured and carries no stated interest rate beyond conversion discount.
- Shares underlying note are restricted securities not registered under Securities Act.