debt
confidence high
sentiment negative
materiality 0.60
HNO International issues $210K convertible note at 60% discount conversion
HNO International, Inc.
- Issued $210,000 convertible note to CFI Capital; $21,000 OID, net proceeds $189,000.
- Note matures Sept 4, 2027, bears 6% interest, convertible starting six months out.
- Conversion at 60% of lowest trading price over 20 days; 50% if DTC Chill, 45% on default.
- Reserved 49,295,775 shares (five times conversion); beneficial ownership capped at 4.99%.
- Includes most-favored-nation clause allowing holder to match better terms from future financings.