Inception Mining settles convertible note dispute with Antilles Family Office for $1.2M

BLUSKY AI INC.

Paid $1.2M to settle claims related to May 2019 convertible note and litigation; payment made Jan 20.
Stipulated dismissal of litigation submitted to U.S. District Court for Delaware on Jan 20, 2023.
Settlement discharges all past and future claims between Inception Mining and Antilles Family Office.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BLUSKY AI INC. entered into Settlement Agreement with Antilles Family Office, LLC valued at Settlement Payment of $1,200,000 (effective 2023-01-18).

Action: entry
Agreement: settlement
Counterparty: Antilles Family Office, LLC
Value: Settlement Payment of $1,200,000
Effective: 2023-01-18

Exact text from the filing

As of January 18, 2023, Inception Mining, Inc. (the “ Company ”) entered into a Settlement Agreement (the “ Settlement Agreement ”) with Antilles Family Office, LLC (the “ Investor ”), pursuant to which the Company and the Investor agreed to settle claims asserted between them related to that certain Senior Secured Redeemable Convertible Note (“Note”) executed on May 20, 2019 and related matters (the “Litigation”).

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Source: SEC EDGAR

accession 0001493152-23-002470

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