PetVivo Holdings, Inc. (PETV): debt financing — PetVivo borrows $200K from director Michael Eldred at 12% interest; issues 100K-share warrant

PetVivo Holdings, Inc.

Principal $200,000, 12% annual interest, maturity on or about September 3, 2025.
Lender received warrant to purchase 100,000 shares at $0.50/share with two-year term.
Note secured by first-priority security interest in accounts receivable from Vedco and Clipper Distributing.
Transaction is with a related party (board member Michael Eldred).
Prepayment allowed without penalty; warrants are additional compensation for the loan.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PetVivo Holdings, Inc. incurred loan of $200,000 with Michael Eldred, a member of the Board of Directors (Lender) at 12% per annum maturing on or about September 3, 2025.

Instrument: loan
Principal: $200,000
Counterparty: Michael Eldred, a member of the Board of Directors (Lender)
Rate: 12% per annum
Maturity: on or about September 3, 2025
Event: incurrence

Exact text from the filing

Effective as of March 6, 2025, Michael Eldred, a member of the Board of Directors (“Lender”) of PetVivo Holdings, Inc. (the “Company”), entered into a promissory note (the “Promissory Notes”), having a principal amount of $200,000. The maturity date of the Promissory Note is on or about September 3, 2025 and the interest rate is 12% per annum.

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PetVivo Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-009657

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