DYNAMIC AEROSPACE SYSTEMS Corp (BRQL): debt financing — BrooQLy raises $450K via convertible note with Platinum Point Capital

DYNAMIC AEROSPACE SYSTEMS Corp

Issued $495,000 convertible note at 10% OID (purchase price $450,000) to Platinum Point Capital; 10% interest, matures July 3, 2026.
Conversion price is lower of $1.00 or 90% of lowest 10-day VWAP before conversion; capped at 4.99% of outstanding shares.
Issued warrant to purchase 330,000 shares at $1.50 per share, 4-year term; exercise price adjusts on default.
Granted Platinum a security interest in substantially all assets to secure the note.
Company agreed to file resale registration statement within 90 days for shares underlying note and warrant.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DYNAMIC AEROSPACE SYSTEMS Corp incurred convertible notes of $495,000 with Platinum Point Capital LLC at 10% per annum maturing July 3, 2026.

Instrument: convertible notes
Principal: $495,000
Counterparty: Platinum Point Capital LLC
Rate: 10% per annum
Maturity: July 3, 2026
Event: incurrence

Exact text from the filing

The Company issued to Platinum a convertible promissory note (the “Note”) in the principal amount of $495,000, for a purchase price of $450,000, reflecting an original issue discount of 10%.

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Source: SEC EDGAR

accession 0001477932-25-004975

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