debt
confidence high
sentiment neutral
materiality 0.55
CERo Therapeutics enters into $2.085M convertible promissory note with SRX Global
CERO THERAPEUTICS HOLDINGS, INC.
- Maximum loan amount $2,085,200; $750,000 funded May 23, $663,600 June 23, $671,600 July 14, 2026.
- Note bears 10% interest per annum, matures May 28, 2027.
- Convertible at lesser of $0.05 or 80% of avg of 5 lowest intraday prices in prior 20 days; 4.99% ownership cap.
- Company must file registration statement for resale of shares issuable upon conversion.
- Issuance exempt under Section 4(a)(2) and Rule 506(b); Lender is accredited investor.