debt
confidence high
sentiment negative
materiality 0.50
Connexa Sports issues 1.74M shares on conversion of $1M note; 1,500 shares to ambassador
AIRWA INC.
- Issued 1,737,442 shares to lender upon conversion of $1 million 2.25% promissory note.
- Shares issued to enable lender to realize $1.5 million proceeds from share sales.
- Previous tranche of 272,332 shares issued in 2021; future tranches may be required.
- Also issued 1,500 shares to an ambassador as compensation.