debt
confidence high
sentiment neutral
materiality 0.50
HNO International discloses $62,500 convertible note and warrant to Lambda Ventures
HNO International, Inc.
- HNO issued $67,500 convertible note to Lambda Ventures for $62,500 gross ($57,625 net after fees).
- Note matures May 5, 2027, bears 8% one-time interest, convertible at 60% of lowest 20-day VWAP.
- Warrant to purchase 385,000 shares at $0.25/share, exercisable for 5 years, with 4.99% ownership cap.
- Company reserved 20,000,000 shares for conversion and warrant exercise; default acceleration at 150%.