debt
confidence high
sentiment neutral
materiality 0.50
Globe Net Wireless Corp. secures $910K in convertible notes from two funds
Stemtech Corp
- Convertible promissory notes of $410K (Leonite Fund I LP) and $500K (MCUS LLC) finalized on Sept 3, 2021.
- Notes have nine-month redemption right; proceeds for working capital and capital expenditures.
- Investors agreed no short-selling or hedging of common stock during note term.
- Company obligated to register all shares that may be acquired by investors.
- No right of first refusal, penalties, or restrictions on future financing.