debt
confidence high
sentiment negative
materiality 0.40
Good Hemp issues $87,500 convertible note to Sixth Street Lending
Accredited Solutions, Inc.
- Net proceeds $85,000 after $2,000 legal fees and $500 due diligence.
- Note bears 5% annual interest, matures October 19, 2022.
- Conversion price at 65% of lowest closing bid over prior 20 trading days, beginning 180 days after issuance.
- Prepayment penalty of 125% of outstanding principal plus interest if paid within 180 days.
- Beneficial ownership limited to 4.99%, not subject to waiver.