debt
confidence high
sentiment neutral
materiality 0.65
HealthLynked issues $550K promissory note to Yorkville with 5% OID, 5-month maturity
HealthLynked Corp
- Note issued July 19, 2022 to YA II PN, Ltd.; net proceeds ~$522,500 after 5% OID.
- 0% coupon interest; 2% premium on cash repayment; total repayment $561,000 over 5 equal monthly installments.
- First installment due Aug 19, 2022 ($112,200); final maturity Jan 19, 2023.
- Note may be repaid with proceeds from existing Yorkville equity purchase agreement or in cash.