debt
confidence high
sentiment neutral
materiality 0.60
Longevity Health issues $416,667 10% convertible note to Puritan Partners
Longevity Health Holdings, Inc.
- Issued 10% Senior Secured Convertible Note due Feb 29, 2028, principal $416,667 (10% OID) for $375,000 cash.
- Note convertible at $0.50/share; alternative price 80% of 5-day VWAP if below conversion price.
- Proceeds for working capital; secured by first-priority lien on substantially all assets; subsidiaries guarantee.
- Potential additional notes up to $138,889 each (one mandatory, one at Puritan's option) upon registration effectiveness.
- Up to 2,690,455 shares issuable on full conversion; existing notes of $1.25M and $1.1M also outstanding.