debt
confidence high
sentiment negative
materiality 0.50
CERo Therapeutics issues $750K convertible note to Keystone Capital with conversion price floor at $0.05
CERO THERAPEUTICS HOLDINGS, INC.
- Issued convertible promissory note to Keystone Capital Partners; purchase price $750,000, principal face value $937,500.
- Note bears 10% interest, matures August 6, 2027; conversion price is lesser of $0.05 or 80% of 5 lowest intraday prices in prior 20 days.
- Beneficial ownership limitation of 4.99%; company must file registration statement for resale of conversion shares.
- Offered under Section 4(a)(2) and Rule 506(b) exemption; no public offering.
- Maximum aggregate borrowing up to $1,000,000 under the note.
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