Bespoke Extracts, Inc. (BSPK): debt financing — Bespoke Extracts closes $100k initial tranche of 15% senior secured notes; warrants at $0.11

Bespoke Extracts, Inc.

$100,000 principal amount of 15% Senior Secured Notes issued, due February 15, 2025.
Warrants to purchase 100,000 shares of common stock at $0.11 per share, 2-year term.
Notes are senior in priority to all existing debt obligations of the company.
Offering may increase to up to $1,000,000 with additional closings through June 30, 2024.
Proceeds used for general corporate purposes, including working capital.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bespoke Extracts, Inc. incurred senior notes of $100,000 at 15% maturing February 15, 2025.

Instrument: senior notes
Principal: $100,000
Rate: 15%
Maturity: February 15, 2025
Event: incurrence

Exact text from the filing

On February 16, 2024, Bespoke Extracts, Inc. (the “Company”) entered into and closed securities purchase agreements with investors pursuant to which the Company issued and sold to the investors an aggregate of $100,000 in 15% Senior Secured Notes due February 15, 2025 (the “Notes”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bespoke Extracts, Inc. entered into Notes with investors valued at $100,000 (effective 2024-02-16).

Action: entry
Agreement: notes offering
Counterparty: investors
Value: $100,000
Effective: 2024-02-16

Exact text from the filing

On February 16, 2024, Bespoke Extracts, Inc. (the “Company”) entered into and closed securities purchase agreements with investors pursuant to which the Company issued and sold to the investors an aggregate of $100,000 in 15% Senior Secured Notes due February 15, 2025

View on SEC.gov

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Bespoke Extracts, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-015264

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