other material
confidence high
sentiment neutral
materiality 0.60
Game Your Game issues $8M Series A Convertible Preferred to Streeterville Capital
Game Your Game Inc.
- Second closing under Preferred Purchase Agreement: 8,000 shares of Series A Preferred for $8M.
- Conversion price initially $8.00, floor $4.00, 9.99% beneficial ownership cap.
- Preferred return 10% per annum (15% after default), payable quarterly.
- Company must register resale of underlying common within 20 days of Direct Listing, with penalty fees if not effective within 60 days.
- Series A Preferred senior to common stock, includes restrictive covenants.