debt
confidence high
sentiment neutral
materiality 0.70
Golden Matrix secures $10M net funding from Lind Partners via convertible note and warrants
Meridian Holdings Inc./NV
- Issued $12M convertible note to Lind Global; net proceeds $10M after 20% original issue discount.
- Note requires 20 monthly payments of $600k starting within 135 days; conversion price $4.00 per share.
- Warrant to purchase 750k shares at $4.00/share, exercisable for 5 years.
- Proceeds will fund strategic acquisitions and strengthen financial position.
- Collateral includes security interest in company assets and pledge of subsidiary equity.