other material
confidence high
sentiment neutral
materiality 0.55
BioCorRx raises $200K from LGH via $220K note, warrant, and 24K inducement shares
BioCorRx Inc.
- Sold $220K promissory note (8% one-time interest) for $200K purchase price; $20K OID.
- Issued 4-year warrant to buy 200K shares at $2.00/share.
- Issued 24,000 restricted shares as inducement.
- Note amortizes in 6 monthly installments of $39,600 starting March 10, 2024; matures August 10, 2024.
- Securities sold in unregistered exempt transaction to accredited investor; no collateral.