debt
confidence high
sentiment neutral
materiality 0.50
Healthcare Integrated Technologies issues $600K promissory note to AJB Capital, grants 1.5M warrants
SafeSpace Global Corp
- Sold $600,000 promissory note to AJB Capital Investments for $534,000; net proceeds $504,000 after fees.
- Used $360,000 of proceeds to repay existing promissory note owed to AJB; balance for working capital.
- Note bears 10% interest, matures August 9, 2023; convertible upon default at variable price.
- Granted warrants to purchase 1,500,000 shares of common stock at $0.10 per share, cashless exercise for 1M shares.