debt
confidence high
sentiment positive
materiality 0.65
HealthLynked CEO Dr. Michael Dent provides $1M convertible note financing via trust
HealthLynked Corp
- Issued $1M senior secured convertible note to Mary S. Dent Gifting Trust (CEO-controlled) on June 3, 2024.
- Note matures June 3, 2025; 12% interest (18% upon default); 5% OID; net proceeds $950,000.
- Conversion and warrant exercise price $0.0497; warrant covers 10M shares with 10-year term.
- Proceeds used for working capital and general corporate purposes; collateralized by all company assets.
- Insider financing underscores CEO commitment to growth and shareholder value, per press release.