debt
confidence high
sentiment neutral
materiality 0.65
HealthLynked issues $5.7M secured convertible note to CEO's trust at 12%, convertible at $4.25
HealthLynked Corp
- Principal $5,715,811.98 to Mary S. Dent Gifting Trust (controlled by CEO Dr. Michael Dent).
- Note replaces prior debt: $4.34M notes, $737K interest, $340K advances, $301K unpaid compensation.
- Matures Feb 2, 2029; 12% interest (18% on default); convertible to common at $4.25/share.
- Secured by first-priority lien on all assets; issued under Reg D/4(a)(2) exemption as accredited investor.