Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
C-Bond Systems, Inc incurred loan of $175,000 with a private investor at 8% per annum, compounded annually maturing April 4, 2025.
- Instrument
- loan
- Principal
- $175,000
- Counterparty
- a private investor
- Rate
- 8% per annum, compounded annually
- Maturity
- April 4, 2025
- Event
- incurrence
Exact text from the filing
On April 4, 2023, C-Bond Systems, Inc. (the “Company”) entered into a Secured Promissory Note (the “Note”) in the amount of $175,000 with a private investor (the “Lender”) and received net proceeds of $175,000 on April 6, 2023. The Note accrues interest at 8% per annum, compounded annually, and all outstanding principal and accrued interest is due and payable of April 4, 2025.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
C-Bond Systems, Inc entered into Secured Promissory Note with a private investor (the 'Lender') valued at $175,000 (effective 2023-04-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- a private investor (the 'Lender')
- Value
- $175,000
- Effective
- 2023-04-04
Exact text from the filing
On April 4, 2023, C-Bond Systems, Inc. (the “Company”) entered into a Secured Promissory Note (the “Note”) in the amount of $175,000 with a private investor (the “Lender”) and received net proceeds of $175,000 on April 6, 2023.
View on SEC.gov