Armlogi enters $50M SEPA with Yorkville, receives $5M initial tranche of $21M convertible note

Armlogi Holding Corp.

$21M convertible promissory note in three tranches; initial $5M received at closing.
Conversion price lower of $7.5937/share or 94% of 5-day VWAP; floor price $1.1880.
$50M SEPA allows company to sell stock to YA at 95-97% of market price until Dec 2026.
Notes bear 0% interest (18% default), mature Nov 2026, with 10% original issue discount per tranche.
Proceeds for working capital and general corporate purposes; subsidiaries guarantee obligations.

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