debt
confidence high
sentiment negative
materiality 0.85
Armlogi enters forbearance agreement after Floor Price Event on convertible notes; cash payments $3.03M
Armlogi Holding Corp.
- Company acknowledged VWAP below floor price of $1.1880 for 5 trading days, triggering Amortization Event on $6.8M outstanding notes.
- Agreed to three cash payments of $1,010,000 each on June 6, July 16, Aug 15, 2025; total $3.03M.
- Investor forbears through Aug 31, defers amortization, limits conversions to >$1.80/share, reduces Payment Premium from 10% to 1%.
- Outstanding principal before payments: Note 1 $2.75M, Note 2 $4.05M as of June 6, 2025.
item 1.01item 9.01