other material
confidence high
sentiment neutral
materiality 0.60
Viewbix enters into $1M and $2.5M credit facilities with conversion and warrant features; terms tied to uplisting
Viewbix Inc.
- First facility: $1M new loan plus $530,657 prior debt; 12% interest; conversion into shares and warrants at $0.25 upon uplisting.
- Second facility: $2.5M; 12% interest; quarterly draws after uplist; conversion of $100,000 into shares and warrants at $0.25.
- Lead lender L.I.A. Pure Capital receives 2.5M share warrant at $1.00 exercise price as commission.
- Both facilities require registration statement for resale of underlying shares within 30 days.