Can B Corp. issues $150K convertible note with warrants; extends Arena notes with $300K payment

Can B Corp

Issued $150K principal note (12% interest, convertible at $4.00) and warrants for 23,437 shares at $6.40, net proceeds $135K after 10% OID.
Amended Arena notes: extended maturity to April 30, 2022, waived defaults, agreed to pay $300K upon S-1 effectiveness.
Company will pay all interest due on 2020 notes in stock and 2021 notes in cash at closing of S-1.
Option to further extend Arena notes up to 2 months at $100K per month.
Note includes anti-dilution, most-favored-nation provisions, and 10% prepayment penalty.

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