debt
confidence high
sentiment neutral
materiality 0.65
Aether Holdings issues $3.24M secured note to Streeterville Capital at 8% interest, 18-month term
Aether Holdings, Inc.
- $3.24M secured promissory note issued to Streeterville Capital; net proceeds $3M after $240K OID and $30K expenses.
- Note bears 8% interest compounded daily, matures in 18 months; prepayment at 110% of outstanding balance.
- Secured by first-position lien on substantially all assets, intellectual property, and subsidiary guarantees.
- Covenant restricts variable-rate transactions; most-favored-nation clause applies; monthly redemption cap of $250K after 6 months.
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