debt
confidence high
sentiment neutral
materiality 0.10
Metaworks Platforms raises $50,000 net via $52,500 convertible note
WASTE ENERGY CORP.
- Issued $52,500 convertible promissory note to one U.S. subscriber; net proceeds $50,000 after $2,500 OID.
- Note bears 10% interest (22% upon default), matures September 15, 2024.
- Convertible into common stock; issuance exempt under Section 4(a)(2) and Rule 506 of Securities Act.
- Closing occurred on December 5, 2023; proceeds for general working capital.