other material
confidence high
sentiment neutral
materiality 0.70
Qualigen raises $5.1M in Series A-2 Preferred private placement; exchanges $1.1M notes
AIxCrypto Holdings, Inc.
- Issued 5,100 shares of Series A-2 Preferred at $1,000/share for $5.1M aggregate proceeds.
- Conversion of preferred into common at $3.64/sh initially, subject to ratchet antidilution and 4.99% beneficial ownership cap.
- Entered exchange agreement with Yi Hua Chen, converting $1.1M principal notes into 1,154 Series A-2 Preferred shares.
- $800,000 of proceeds to be paid to IR Agency LLC for investor relations services per consulting agreement.
- Company reports equity above $2.5M after the transactions.