debt
confidence high
sentiment neutral
materiality 0.60
Amaze closes $1.1M secured note draw and $205K Series C preferred sale
AMAZE HOLDINGS, INC.
- Closed $1,100,000 principal amount of secured notes on April 14-15, 2025; $100,000 OID, net proceeds $1,000,000.
- Notes mature Jan 14 or 15, 2026; secured by accounts/notes receivable under existing pledge agreement.
- Sold additional 2,050 Series C Convertible Preferred shares at $100/share plus warrants for 410,000 common shares at $0.75, gross $205,000.
- Proceeds from both issuances used for working capital and general corporate purposes.
- Amended SPA includes variable rate transaction restriction and pro-rata participation rights for investors.