other material
confidence high
sentiment neutral
materiality 0.30
GEX Management discloses $333k convertible note from Aug 2021 to satisfy covenants
GEX MANAGEMENT, INC.
- Board authorized additional disclosures for a 12% Convertible Note issued Aug 9, 2021 to Leonite Fund 1, LP.
- Principal amount is $333,333.33; note is due Aug 9, 2022 and carries 12% interest.
- Disclosure made to comply with covenant requirements; the note was part of prior ordinary-course financing.
- No new debt issuance, change in terms, or material financial impact from this filing.