debt
confidence high
sentiment positive
materiality 0.60
SafeSpace Global secures up to $11M via $10M equity line and $1.1M convertible note
SafeSpace Global Corp
- $10M equity purchase agreement with Crom over 36 months; company controls timing of sales.
- $1.1M senior secured convertible note, $1M funded in two tranches (initial $500k, second $500k upon criteria).
- Note bears 10% interest, 12-month maturity per tranche, 125% redemption premium on default.
- Crom capped at 4.99% beneficial ownership; no short sales; registration rights on Form S-1.
- Financing closed Sept 21, 2026; proceeds for growth capital and operational flexibility.