debt
confidence high
sentiment negative
materiality 0.55
China Pharma extends convertible note maturity to Aug. 2025; minimum monthly payment cut 75%
CHINA PHARMA HOLDINGS, INC.
- Maturity date of $557,735 convertible note (Streeterville Capital) extended to August 19, 2025.
- Extension fee equal to 2% of outstanding balance added to principal; balance post-fee is $557,735.
- Minimum monthly redemption amount reduced from $150,000 to $37,182.33 per month.
- Original note principal was $5,250,000 issued November 2021; prior amendment in April 2023.