other material
confidence high
sentiment neutral
materiality 0.30
Totaligent enters conversion limitation agreement with Karolus Maximus Kapital
Totaligent, Inc.
- Agreement limits conversion of ~20 promissory notes so investor cannot own >4.99% of outstanding common stock.
- Majority of the notes are past their stated maturity dates and remain outstanding.
- Limitation cannot be waived unless investor gives company at least 61 days' written notice.
- Agreement does not amend other terms of the convertible notes.