debt
confidence high
sentiment negative
materiality 0.65
ZyVersa raises $1M via convertible notes and warrants for working capital
ZyVersa Therapeutics, Inc.
- Issued $1M aggregate principal 10% convertible promissory notes, maturing in 12 months, with a $0.02 floor price on conversion.
- Notes convertible at 80% of the lowest daily VWAP during the 10 trading days prior to conversion notice.
- Series A-4 warrants exercisable six months post-issuance, expiring in 5 years; exercise price linked to qualified offering or VWAP.
- Proceeds to be used for working capital; obligations guaranteed by subsidiary ZyVersa Therapeutics Operating, Inc.
- Securities sold to accredited investors in a private placement under Section 4(a)(2) and Regulation D.