ROCKETFUEL BLOCKCHAIN, INC.: debt financing — RocketFuel Blockchain issues $150K convertible note with 10% interest, convertible at $0.205/share

ROCKETFUEL BLOCKCHAIN, INC.

Issued $150,000 convertible note to private investor on April 11, 2024.
Note bears 10% annual interest, matures April 11, 2025.
Convertible at any time into common stock at $0.205 per share.
Company may redeem note at any time for principal plus accrued interest.
Note and conversion shares sold under Section 4(a)(2)/Reg D exemption, unregistered.

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

ROCKETFUEL BLOCKCHAIN, INC. incurred convertible notes of $150,000 with a private investor at 10% per annum maturing April 11, 2025.

Instrument: convertible notes
Principal: $150,000
Counterparty: a private investor
Rate: 10% per annum
Maturity: April 11, 2025
Event: incurrence

Exact text from the filing

pril 11, 2024, we issued to a private investor a convertible note in the face amount of $150,000. In exchange the investor paid

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Source: SEC EDGAR

accession 0001493152-24-015135

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