debt
confidence high
sentiment neutral
materiality 0.40
CV Sciences closes second tranche of $1.06M convertible note issuance, netting ~$950K
CV Sciences, Inc.
- Second closing of $1.06M senior convertible notes (6% OID) under existing SPA, net proceeds ~$950K.
- Notes convertible into up to $1.06M in common stock; issued via second supplemental indenture.
- Remaining $3.18M of $5.3M total offering may be sold in future closings if conditions met.
- First closing of $1.06M occurred November 17, 2021; total raised to date $2.12M.