debt
confidence high
sentiment neutral
materiality 0.50
Bioxytran issues $1.467M in 1-year 6% convertible notes at $0.25; also releases corporate presentation
BIOXYTRAN, INC
- Entered 34 Note Purchase Agreements for $1,467,000 principal in convertible notes due Jan 10, 2023; 6% interest, conversion at $0.25/share.
- Net cash reduced by $86,040; aggregate discount of $128,290 includes 264,060 five-year warrants at $0.25 issued to placement agent WallachBeth Capital.
- Board approved the agreements on Jan 10, 2022; notes issued same day.
- Filed corporate presentation (Exhibit 99.1) on Jan 12, 2022 outlining pharmaceutical development status (no specific content provided).