debt
confidence high
sentiment neutral
materiality 0.40
GMGI amends $12M convertible note; partial stock payment, extended market cap covenant
Meridian Holdings Inc./NV
- Amendment to $12M senior secured convertible note with Lind Global on Oct 30, 2024.
- October 2024 amortization payment split: $100,000 in common shares and $515,000 in cash.
- Market capitalization default covenant extended: applies after March 3, 2025 instead of Dec 3, 2024.
- Company represents no material adverse effect since note issuance date.