debt
confidence high
sentiment neutral
materiality 0.40
BoxScore Brands issues $50,000 convertible note to fund operations
AMERICAN BATTERY MATERIALS, INC.
- Issued $50,000 convertible note on Jan 28, 2022 to Adam Lipson for operations.
- Note bears 9.5% interest if paid in cash or 15% if paid in stock; maturity 730 days.
- Conversion price $0.03 per share; includes 4.99% beneficial ownership limitation.
- Company may prepay after 365 days; holder can choose cash or stock upon prepayment.
- Note is senior secured debt with priority lien on all assets of the company.