debt
confidence high
sentiment neutral
materiality 0.35
Tecogen extends $1M promissory notes to lead director; option for stock conversion
TECOGEN INC.
- Two $500k promissory notes held by lead director John N. Hatsopoulos amended.
- Maturity extended to July 31, 2026 for both notes (originally Oct 2023 and July 2024).
- Hatsopoulos may elect repayment in cash or common stock at 30-day avg closing price.
- No new funds raised; notes remain outstanding with no interest-rate change disclosed.