PetVivo converts $550K debentures plus $27.5K interest into 385K shares and warrants

PetVivo Holdings, Inc.

Three debenture holders converted $550,000 principal and $27,500 accrued interest into 385,000 common shares.
Conversion rate adjusted from $1.60 to $1.50 per share; company issued warrants for 385,000 shares at $2.00.
Warrants exercisable from Feb 7, 2024 to Aug 10, 2026.
Shares and warrants issued as restricted securities under Rule 144; voluntary conversion before maturity.

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

PetVivo Holdings, Inc. entered into Convertible Debenture Conversion Agreements with three debenture holders valued at $550,000 (effective 2023-08-11).

Action: entry
Agreement: notes offering
Counterparty: three debenture holders
Value: $550,000
Effective: 2023-08-11

Exact text from the filing

On August 11, 2023, PetVivo Holdings, Inc. (the “Company”) entered into Convertible Debenture Conversion Agreements (“Conversion Agreements”) with three debenture holders (“Debenture Holders”) who advanced an aggregate of $550,000 to the Company pursuant to convertible debentures (“Convertible Debentures”) dated July 26, 2023.

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PetVivo Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-027892

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