debt
confidence high
sentiment neutral
materiality 0.50
PetVivo raises $500K via convertible notes at 10% interest to fund VetStem license
PetVivo Holdings, Inc.
- Two existing shareholders lend $300K and $200K, maturing Feb 14, 2026.
- Interest at 10% per annum; conversion price $0.65 per share; up to ~846K shares issuable.
- Warrants for 150K and 100K shares at $0.90 exercise price, 3-year term.
- Proceeds used for initial payment under License Agreement with VetStem, Inc.
- 10% of monthly Net Sales from PrecisePRP products applied to reduce principal.