other material
confidence high
sentiment neutral
materiality 0.55
Nutriband converts $2M note into 1.03M shares at $2.00/share
NutriBand Inc.
- Holder TII Jet Services LDA converted $2M principal plus $53,440 accrued interest into 1,026,720 common shares at $2.00/share.
- Conversion reduces outstanding debt by $2M and increases common shares outstanding by about 1.03 million.
- Shares issued under an exemption from registration; no underwriter involved.
- The converted note was originally dated July 13, 2023, with a maturity of July 13, 2026.