AVAX ONE TECHNOLOGY LTD. (AVX): debt financing — AgriForce raises $2.75M via debenture and warrant sale to Pioneer; conversion price $2.62

AVAX ONE TECHNOLOGY LTD.

Pioneer Capital notices purchase of additional $2,750,000 debenture and warrants on October 17, 2023.
New debenture conversion and warrant exercise price set at $2.62 (Nasdaq close Oct 16, 2023).
Floor price for conversion/exercise set at $0.52 per share.
Conversion price of all existing debentures and warrants also reset to $2.62.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AVAX ONE TECHNOLOGY LTD. incurred senior notes of $2,750,000 with Pioneer Capital Anstalt.

Instrument: senior notes
Principal: $2,750,000
Counterparty: Pioneer Capital Anstalt
Event: incurrence

Exact text from the filing

nd Pioneer Capital Anstalt (“Pioneer”). Pioneer provided notice on October 17, 2023 to purchase an additional Debenture

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

AVAX ONE TECHNOLOGY LTD. entered into Securities Purchase Agreement with Pioneer Capital Anstalt valued at $2,750,000 (effective 2022-06-30).

Agreement: equity purchase
Counterparty: Pioneer Capital Anstalt
Value: $2,750,000
Effective: 2022-06-30

Exact text from the filing

Reference is made to Section 2.4 of that certain June 30, 2022 Securities Purchase Agreement between AgriForce Growing Systems Ltd. (the “Company”) and Pioneer Capital Anstalt (“Pioneer”). Pioneer provided notice on October 17, 2023 to purchase an additional Debenture and warrants in the amount of $2,750,000.

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10 debt financings filed in the last 30 days. Browse all debt financings →

AVAX ONE TECHNOLOGY LTD. filing history →

Source: SEC EDGAR

accession 0001493152-23-037678

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