debt
confidence high
sentiment neutral
materiality 0.55
HUMBL amends convertible note with Pacific Lion: funding capacity raised to $2M
TAP REAL ESTATE TECHNOLOGIES, INC.
- Funding capacity under note increased from $800,000 to $2,000,000; $475,000 funded to date.
- Interest rate raised from 6% to 8% (12% upon default); 10% original issue discount added.
- Warrant cancellation period for uplisting extended from 9 to 18 months from issuance.
- Amendment dated July 18, 2023; note originally issued May 10, 2023.