debt
confidence high
sentiment neutral
materiality 0.55
CERo Therapeutics issues $437,500 convertible note to Keystone Capital Partners, 10% interest, due 2027
CERO THERAPEUTICS HOLDINGS, INC.
- Issued to Keystone Capital Partners a convertible note with purchase price $350,000 and face value $437,500.
- Note bears interest at 10% per annum, matures April 9, 2027, with up to $1,000,000 total borrowing capacity.
- Conversion price is lesser of $0.05 or 80% of avg of 5 lowest intraday prices in 20 days prior to conversion.
- Beneficial ownership limitation of 4.99% applies; issuance exempt from registration under Section 4(a)(2).
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