debt
confidence high
sentiment neutral
materiality 0.50
Tecogen borrows $500K from director Earl R. Lewis III at 4.57%
TECOGEN INC.
- Promissory note for $500,000 executed on Sept 18, 2024, with one-year maturity.
- Interest rate fixed at 4.57% per annum; lender is director and shareholder.
- Loan made under Note Subscription Agreement dated Oct 9, 2023, as amended.