debt
confidence high
sentiment neutral
materiality 0.40
Innovative MedTech issues $95k convertible notes, netting $75k for working capital
AnTix Holdings, Inc.
- Two convertible promissory notes: $66,700 principal (net $58,000) and $28,750 (net $25,000); $8,000 legal/due diligence fee retained by lender.
- First note: 10 monthly payments of $7,470.40 starting June 30, 2025. Second note: $16,387.50 due Nov 30, 2025, then $4,096.88 monthly.
- Notes mature March 30, 2026; 12% and 14% one-time interest; convertible upon default at 71% of lowest closing bid over prior 10 days with 4.99% beneficial ownership cap.
- Proceeds for general working capital; sold under Section 4(a)(2) exemption; lender is 1800 Diagonal Lending LLC.
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