debt
confidence high
sentiment neutral
materiality 0.40
Mobile Global Esports issues $165K convertible note with 10% interest, maturing Sep 2026
Mobile Global Esports, Inc.
- Aggregate principal $165,000 includes $15,000 original issue discount.
- Interest 10% per annum, maturity September 8, 2026.
- Convertible after 6 months at 65% of Market Price (avg of 3 lowest prices in 15 days).
- Company may prepay at 97%–99% of principal within first 180 days.
- Note issued to an unnamed investor; use not specified.
item 1.01item 2.03