debt
confidence high
sentiment neutral
materiality 0.55
Comstock extends $4.29M note maturity to July 15, 2026 via second amendment
Comstock Inc.
- Second Note Amendment extends maturity from April 15 to July 15, 2026.
- Note principal $4.29M; 1.5M LODE shares issued in Aug 2025 to repay via resale.
- Company not required to make monthly cash interest if monthly proceeds from share sales exceed $43,000.
- Interest accrues at 12% per annum on unpaid principal; any excess proceeds returned to company.
- No premium or penalty required under amendment.
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