debt
confidence high
sentiment neutral
materiality 0.35
Propanc Biopharma issues $33K convertible note to GS Capital Partners for working capital
Propanc Biopharma, Inc.
- Convertible promissory note with $33,000 principal, purchased at $30,000 (original issue discount of $3,000).
- Conversion price initially $6.00/share, drops to $3.00 if stock trades below $5.00 for 5 consecutive days.
- Note matures Nov 11, 2025, bears 8% interest; prepayment allowed at 110%-125% premiums within first 180 days.
- Proceeds from the private placement will be used for general working capital purposes.
- Issued to GS Capital Partners, LLC in reliance on Regulation D exemption under Section 4(a)(2).