Qualigen lowers debenture conversion price to $0.73, gains waiver for stock-based principal payments

AIxCrypto Holdings, Inc.

Conversion price reduced from $1.32 to $0.73; warrant exercise price reduced from $1.65 to $0.73.
Alpha Capital waives Equity Conditions for Dec 2023 & Jan 2024 principal payments, allowing stock payment instead of cash.
Each monthly principal payment would have been $110,000 in cash; now payable in stock subject to Nasdaq listing.
Amendment clarifies warrant liability classification for GAAP purposes (not liability-classified).

item 1.01 item 9.01

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

AIxCrypto Holdings, Inc. amended Amendment No. 1 with Alpha Capital Anstalt (effective 2023-12-05).

Action: amendment
Agreement: equity purchase
Counterparty: Alpha Capital Anstalt
Effective: 2023-12-05

Exact text from the filing

On December 5, 2023, we entered into an Amendment No. 1 with regard to Securities Purchase Agreement, with Alpha Capital Anstalt.

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622 material agreements filed in the last 30 days. Browse all material agreements →

AIxCrypto Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-044019

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