other material
confidence high
sentiment neutral
materiality 0.35
Tecogen allows director to convert $500K promissory note into common stock
TECOGEN INC.
- Director Earl R. Lewis III may convert remaining balance of $500K promissory note (Sept 2024) to common stock at any time when not under trading restrictions.
- Conversion price equals 30-day average closing price of Tecogen common stock prior to conversion date, including accrued interest.
- Permitted conversion could dilute existing shareholders if executed; no immediate conversion requested.