debt
confidence high
sentiment negative
materiality 0.75
Viewbix enters $1.53M credit facility with conversion to stock at $0.25/share
Viewbix Inc.
- Facility of $1M new money plus $530,657 prior debt; draws $350K immediately, $150K on filing registration, $500K on uplisting.
- 12% per annum interest paid upfront in 734,715 shares and warrants; conversion of $662,957 at $0.25 per share upon uplisting.
- Lead Lender L.I.A. Pure Capital receives 200,000 shares, warrants to purchase 200,000 shares at $0.25 and 2,500,000 shares at $1.00.
- Company to file resale registration statement within 30 days; securities unregistered until then.
- Uplisting to national exchange is a condition for conversion; term expires 12 months after uplisting.