8-K
filed April 4, 2024, 7:59 PM ET
CIK 0001854583
debt
confidence high
sentiment neutral
materiality 0.35
Collective Audience, Inc.: debt financing — Collective Audience enters $100K convertible note and €300K CEO loan
Collective Audience, Inc.
- Issued $100,000 convertible note to Brown Stone Capital; 8% interest, 2-year maturity.
- Conversion price equals lower of $2.50 or 75% of avg 3 lowest VWAPs in prior 20 trading days.
- CEO Peter Bordes lends up to €300,000 via 7.5% promissory note, 1-year maturity.
- Convertible note proceeds used for audit/accounting fees and general working capital.
- Related-party CEO loan reviewed and unanimously approved by independent directors.
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
Collective Audience, Inc. incurred loan of up to €300,000 with Peter Bordes at 7.5% per annum maturing one (1) year maturity.
- Instrument
- loan
- Principal
- up to €300,000
- Counterparty
- Peter Bordes
- Rate
- 7.5% per annum
- Maturity
- one (1) year maturity
- Event
- incurrence
Exact text from the filing
On March 31, 2024 (the “Promissory Note Closing Date”), the Company entered into a simple promissory note (the “Promissory Note”) with the Company’s Chief Executive Officer, Peter Bordes, pursuant to which Mr. Bordes lent certain money to the Company. The Promissory Note is for an aggregate principal amount of up to €300,000 and has a one (1) year maturity from the Promissory Closing Date, with an interest rate of 7.5% per annum.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Collective Audience, Inc. entered into Purchase Agreement with an accredited investor valued at $100,000 (effective 2024-03-31).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- an accredited investor
- Value
- $100,000
- Effective
- 2024-03-31
Exact text from the filing
On March 31, 2024, Collective Audience, Inc. (the “Company”), a Delaware corporation, entered into a securities purchase agreement (the “Purchase Agreement”) with an accredited investor (the “Holder”), which provided for the issuance and sale by the Company to the Holder of a convertible promissory note (the “March 2024 Convertible Note”) in the aggregate principal amount of $100,000.
View on SEC.gov
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