debt
confidence high
sentiment negative
materiality 0.75
EON Resources issues $600K convertible note to White Lion Capital with additional $600K option
EON Resources Inc.
- Issued $600K convertible promissory note to White Lion on July 11, 2025, for net proceeds of $564K.
- White Lion has option until July 11, 2026 to purchase additional $600K note on same terms.
- Note matures Jan 7, 2027; interest 5% (10% if registration not effective within 6 months).
- Conversion price: greater of $0.25 or lower of Fixed Conversion Price or 90% of 10-day lowest close.
- Beneficial ownership cap 4.99%; registration statement to be filed within 60 days.
item 3.02item 9.01