debt
confidence high
sentiment neutral
materiality 0.50
Adapti issues $181,818 convertible note to executive chairman for $150,000 cash
Adapti, Inc.
- Note issued to executive chairman Jeff Campbell with 17.5% OID; principal $181,818 for $150,000 cash.
- Maturity December 14, 2025; interest at 20% per 90 days if not paid or converted.
- Conversion price lesser of $3.08 or 70% of closing price; beneficial ownership limit 4.99%.
- Note is unregistered and sold under exemption; prepayable at any time.
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