GlobalTech closes $1.4M convertible note private placement; converts to stock at 15% discount to IPO price

GlobalTech Corp

Gross proceeds of $1.4M from two accredited investors via Convertible Promissory Notes.
Notes bear no interest unless default; automatic conversion into common stock upon IPO at 85% of IPO price.
Proceeds to fund AI-powered solutions, data platforms, international expansion, and potential acquisitions.
Notes mature Sept 2, 2027; subordinated to financial institution debt; D. Boral Capital acted as advisor.

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