other_material
confidence high
sentiment neutral
materiality 0.55
Mangoceuticals amends CEO trust note to convertible with warrants; conversion price $1.785
MANGOCEUTICALS, INC.
- Amended $100k promissory note from CEO's Tiger Cub Trust into convertible note; conversion price set at $1.785/share.
- Issued warrants to Tiger Cub Trust to purchase 50,000 shares at $1.815/share, expiring July 21, 2028.
- Removed mandatory prepayment requirement upon qualified financing.
- Indigo Capital converted $500k note plus $90k interest into 393,333 shares at $1.50/share.
- Sold 261,667 shares under ELOC at $1.5645/share for net proceeds of $409,367.
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