Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ADDENTAX GROUP CORP. incurred convertible notes of $16,666,666.66 at 5% per annum.
- Instrument
- convertible notes
- Principal
- $16,666,666.66
- Rate
- 5% per annum
- Event
- incurrence
Exact text from the filing
senior secured convertible notes in the aggregate original principal amount of $16,666,666.66 (the “Convertible Notes”);
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ADDENTAX GROUP CORP. entered into Securities Purchase Agreement with certain accredited investors (the Purchasers) valued at $15,000,000 net proceeds from issuance of $16,666,666.66 principal amount of convertible notes and w (effective 2023-01-04).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain accredited investors (the Purchasers)
- Value
- $15,000,000 net proceeds from issuance of $16,666,666.66 principal amount of convertible notes and w
- Effective
- 2023-01-04
Exact text from the filing
On January 4, 2023, Addentax Group Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement) with certain accredited investors (the “Purchasers”), pursuant to which the Company received a net proceed of $15,000,000 in consideration of the issuance of: ● senior secured convertible notes in the aggregate original principal amount of $16,666,666.66 (the “Convertible Notes”); ● warrants to purchase up to 16,077,172 shares of common stock of the Company (the “Common Stock”) until on or prior to 11:59 p.m. (New York time) on the five year anniversary of the closing date at an exercise price of $1.25 per share (the “PIPE Warrants”).
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