debt
confidence high
sentiment neutral
materiality 0.60
Fresh Vine Wine issues $1.65M secured notes and shares to investors
AMAZE HOLDINGS, INC.
- Issued $1.65M principal amount of secured OID notes and 270,833 common shares to three accredited investors.
- Notes include $150,000 original issue discount, netting $1.5M proceeds; mature Nov 5, 2025, zero interest unless default.
- Proceeds for general corporate purposes and costs of pending business combination with Adifex Holdings.
- Notes secured by accounts and notes receivable; contain restrictive covenants and events of default.
- Investors granted pro-rata participation rights in future financings and optional exchange at 110% of principal.