other material
confidence high
sentiment neutral
materiality 0.65
SunHydrogen converts $676,455 in notes plus accrued interest into 6,765 Series C Preferred shares
SUNHYDROGEN, INC.
- Entered into securities purchase agreement with accredited investor on April 15, 2023.
- Outstanding note principal of $550,000 plus $126,455 accrued interest exchanged for Series C Preferred Stock.
- Investor tendered the Note for cancellation and agreed to forego all future accrued interest.
- Series C Preferred Stock issued: 6,765 shares at a purchase price equal to the total note balance of $676,455.