debt
confidence high
sentiment neutral
materiality 0.50
Addentax extends maturity of $16.7M convertible note to July 4, 2025
ADDENTAX GROUP CORP.
- Amended senior secured convertible note originally issued Jan 4, 2023 in aggregate principal of $16,666,666.66.
- Maturity date extended from prior date to July 4, 2025.
- No other terms of the note were changed; note remains in full force.
- Exhibit 10.1 confirms extension for one investor's $8,333,333.33 note with same new maturity.