debt
confidence high
sentiment neutral
materiality 0.30
Waterside Capital issues $59,986 convertible promissory note to CEO Ryan Schadel
Metavesco, Inc.
- Principal amount of $59,986.22; interest at 3.25% per annum; matures March 10, 2027.
- Convertible into common stock at $0.50 per share, subject to anti-dilution adjustments.
- Note funded with 22.86 Ether valued at $59,986.22 as of issue date.
- Issued to Ryan Schadel, CEO, sole director, and majority stockholder.
- Company may prepay any portion without penalty; default rate of 12% per annum.