debt
confidence high
sentiment neutral
materiality 0.50
ENvue Medical raises up to $1M secured from Alpha Capital; Series X conversion cut to $0.50
ENvue Medical, Inc.
- Entered Secured Promissory Note with Alpha Capital Anstalt for up to $1,000,000; $250,000 initial tranche funded Oct 8, 2026.
- Note accrues 10% interest, rising to 18% on default; matures Dec 31, 2026 and lender may extend in 3-month increments to Dec 31, 2028.
- Secured by substantially all assets: accounts, inventory, manufacturer deposits, patents, trademarks, copyrights and subsidiary equity.
- Series X Preferred conversion price lowered to $0.50/share; holders of at least 70% amended the dilutive-issuance price adjustment terms.
- Certificate of Amendment filed with Delaware Secretary of State Oct 12, 2026; CEO Doron Besser signed the report.