debt
confidence high
sentiment neutral
materiality 0.40
Tecogen borrows $500K from director/principal shareholder at 5.06% interest
TECOGEN INC.
- Borrowed $500,000 from director and principal shareholder John N. Hatsopoulos.
- Promissory note matures in one year with a 5.06% interest rate.
- Terms governed by Note Subscription Agreement dated October 9, 2023, as amended.