debt
confidence high
sentiment negative
materiality 0.70
PMGC Holdings enters $3.28M secured pre-paid purchase with 88% discount conversion
PMGC Holdings Inc.
- Original principal $3,278,700; OID $278,700; net proceeds $2,732,704 after fees.
- Maturity Jan 7, 2029; company may prepay at 120% of outstanding balance.
- Investor may convert at 88% of lowest 10-day VWAP; shares subject to 9.99% beneficial ownership cap.
- Facility has extensive default provisions including 18% default interest and 15% balance increase.