debt
confidence high
sentiment neutral
materiality 0.30
Vemanti Group enters $125K loan agreement with CEO Tan Tran at 1% interest for subsidiary working capital
Vemanti Group, Inc.
- Loan of up to $125,000 from CEO Tan Tran at 1% annual interest, maturing 12 months from August 6, 2021.
- Funds to augment working capital for wholly-owned subsidiary Vemanti Digital, Ltd.
- Company may draw down amounts in one or more tranches over 12 months.
- Loan agreement includes events of default; lender may accelerate upon default.