other material
confidence high
sentiment neutral
materiality 0.45
Nutriband converts $300K debt into 76,230 shares at $4.00 per share
NutriBand Inc.
- Converted $300,000 principal plus $4,921.79 accrued interest on a Creditline Promissory Note.
- Conversion price of $4.00 per share; 76,230 shares of common stock issued to TII Jet Services LDA.
- Effective May 14, 2024; shares issued as unregistered securities under an exemption.
- Reduces outstanding note debt while increasing share count and diluting existing holders.