180 Life Sciences closes $150M convertible note financing; appoints Executive Chairman

FORUM MARKETS Inc

Issued $156.25M senior secured convertible notes at 96% of par; conversion price $3.445, subject to reset after 9 months.
Notes bear 0% interest for 6 months, then 4% p.a., rising to 18% upon default; secured by $44.5M ETH and $156.25M cash.
Appointed McAndrew Rudisill as Executive Chairman; Board formed Investment Committee to oversee digital assets.
Granted additional warrants to strategic advisors for 9.07M shares at $3.445; stock options awarded to CEO, Lead Director, and others.
Company plans to seek stockholder approval for share issuance and option plan within 12 months.

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