debt
confidence high
sentiment neutral
materiality 0.70
United Health Products secures $289,821 convertible note from Alumni Capital at 15% and $4M AMPA
United Health Products, Inc.
- Net proceeds of $250,000 from $289,821 senior convertible note; 15% annual interest; maturity Dec 31, 2026.
- Note convertible at $0.06 per share; Alumni limited to <9.99% of outstanding common stock.
- AMPA allows company to sell up to $4M of common stock at 90% of VWAP; term through Dec 31, 2027.
- Alumni receives 5-year warrant to purchase 3,484,321 shares at $0.075 per share.
- Company must file resale registration statement (Form S-1) by Jan 15, 2026.
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