debt
confidence high
sentiment neutral
materiality 0.30
Dror Ortho-Design issues $275,000 convertible debentures due Oct 19, 2026
Dror Ortho-Design, Inc.
- Private placement of $275,000 principal 0% interest debentures, maturity October 19, 2026.
- Debentures auto-convert into common stock at public offering price if a public offering occurs before maturity.
- Warrants contingent on public offering; 150% of conversion shares if debentures outstanding, 100% if repaid.
- Each purchaser capped at 9.99% beneficial ownership; warrants expire 5 years from issuance.
- Exempt from registration under Section 4(a)(2) and Regulation D; purchasers are accredited investors.