debt
confidence high
sentiment neutral
materiality 0.40
Beeline Holdings issues $350K promissory note with $50K OID to WVP Emerging Manager Onshore Fund
Beeline Holdings, Inc.
- Principal $350,000; purchase price $300,000 net of $50,000 original issue discount.
- Note matures in 60 days, bears interest at 9% per annum.
- Prepayment required upon capital raises >$3M: 30% of net proceeds until repaid.
- Prepayable at company's option at any time.
- Issued to WVP Emerging Manager Onshore Fund LLC - C/M Capital Series.