debt
confidence high
sentiment neutral
materiality 0.50
Singularity Future Technology prepays $5M convertible notes plus accrued interest
Singularity Future Technology Ltd.
- Prepaid $5,000,000 aggregate principal plus accrued interest on 2022 Notes on August 8, 2023.
- Notes originally issued Dec 2021 for $10M; $5M principal prepaid in March 2022, remaining $5M now cleared.
- No prepayment penalties were incurred on the full repayment.
- Prepayment requested by investors; board gave unanimous consent on August 8, 2023.