other material
confidence high
sentiment neutral
materiality 0.50
Mangoceuticals issues 33,333 shares under ELOC and converts 200 Series B shares into 93,299 common shares
MANGOCEUTICALS, INC.
- Sold 33,333 shares at $2.36 each for net proceeds of $78,787 under the $25M ELOC with Platinum Point Capital.
- Converted 200 Series B Preferred shares into 93,299 common shares at $2.358/share, value $220,000.
- Both issuances exempt from registration under Securities Act (Section 4(a)(2)/Rule 506 and Section 3(a)(9)).
- Resale of shares under ELOC and conversion are covered by effective registration statements.