debt
confidence high
sentiment neutral
materiality 0.60
Creatd issues $1.3875M convertible debenture with 11% OID to Dorado Goose LLC
Creatd, Inc.
- Net proceeds of $1,250,000 for principal amount of $1,387,500 (11% original issue discount).
- Debenture matures June 13, 2023, convertible at $0.20 per share; Company may extend by six months.
- Investor also purchased 50,000 shares of OG Collection, Inc. common stock for $250,000.
- Securities issued in private placement exempt under Section 4(a)(2) and Rule 506.