Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hempacco Co., Inc. incurred convertible notes of $379,288.88 with Mast Hill Fund, L.P. at 10% per annum maturing 12 months following the issue date.
- Instrument
- convertible notes
- Principal
- $379,288.88
- Counterparty
- Mast Hill Fund, L.P.
- Rate
- 10% per annum
- Maturity
- 12 months following the issue date
- Event
- incurrence
Exact text from the filing
L.P., a Delaware limited partnership (“ Mast Hill ”), pursuant to which the Company sold, and Mast Hill purchased, (i) a convertible promissory note in the principal amount of $379,288.88 (the “ Note ”), and (ii) warrants to purchase 113,786 shares of Company common stock (the “ Warrants ”), for an aggregate purchase price of $341,360 (the “ Transaction ”), and the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hempacco Co., Inc. entered into Securities Purchase Agreement with Mast Hill Fund, L.P. valued at $341,360 aggregate purchase price (effective 2024-03-26).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Mast Hill Fund, L.P.
- Value
- $341,360 aggregate purchase price
- Effective
- 2024-03-26
Exact text from the filing
Effective March 26, 2024, Hempacco Co., Inc. (the “ Company ”), entered into a securities purchase agreement (the “ SPA ”) with Mast Hill Fund, L.P., a Delaware limited partnership (“ Mast Hill ”), pursuant to which the Company sold, and Mast Hill purchased, (i) a convertible promissory note in the principal amount of $379,288.88 (the “ Note ”), and (ii) warrants to purchase 113,786 shares of Company common stock (the “ Warrants ”), for an aggregate purchase price of $341,360 (the “ Transaction ”), and the Company also entered into a registration rights agreement with Mast Hill (the “ RRA ”).
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