debt
confidence high
sentiment neutral
materiality 0.60
Klotho Neurosciences enters $1.2M convertible note with 20% OID, 2M inducement shares
Greenland Mines Ltd
- Principal $1.2M, 20% original-issue discount, unsecured, no interest, matures Dec 4, 2025.
- Convertible into common at $0.25/share after stockholder approval; 4.99% ownership cap applies.
- Investor Austria Capital LLC received 2,000,000 common shares as inducement to purchase the note.
- Note issued under Section 4(a)(2) private placement; no affirmative or restrictive covenants.