debt
confidence high
sentiment neutral
materiality 0.25
Propanc Biopharma raises $41K via convertible note with 35% discount conversion
Propanc Biopharma, Inc.
- Issued $49,200 convertible promissory note to 1800 Diagonal Lending LLC for $41,000, net proceeds for working capital.
- Note bears 15% one-time interest, maturity April 15, 2025, with five scheduled payments totaling $56,580.
- Conversion price set at 65% of lowest trading price over 10 prior trading days (35% discount) upon event of default.
- Investor is accredited; note issued under Section 4(a)(2) and Regulation D exemption.